Day: February 20, 2024

We have nickel, but Vietnam leapfrogs in EV race

Feb 20, 2024 | Industries

Indonesian government proudly announced that the country will be become the first to launch VinFast’s new electric vehicle (EV). VinFast from Vietnam, as you know, has been listed on Nasdaq, New York with market capitalization of US$12.73 billion, slightly smaller than Indonesia’s largest automotive player Astra International.

Down, but still healthy results from Sido Muncul

Feb 20, 2024 | Market

Herbal medicine producer Industri Jamu and Pharmacy Sido Muncul (SIDO) is among the most valuable companies listed on Indonesia Stock Exchange (IDX). Traded with PE multiple 17.61 on historical 2023 results, Sido Muncul is now a company with Rp17.10 trillion of market capitalization, nearly six times equity.

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