Shares of some pulp and paper producers are clear losers this year despite a relatively strong performance in the first half (H1) of 2022. Shares of PT Fajar Surya Wisesa (FASW) Tbk, for example, have fallen 20% so far this year. Toba Pulp Lestari (INRU) inched down 0.7% year to date, and Suparma (SPMA) dropped 34%. Tjiwi Kimia (TKIM) declined 1.9%, while its sister firm Indah Kiat (INKP) gained 15.2% year to date.To subscribe please click here