Back in April 2022 when paint manufacturer Avia Avian (AVIA) was traded at Rp790, we called it ‘overvalued’. Two years on, AVIA was traded at Rp520, representing 44% discount to the initial public offering (IPO) price few years back. The stock indeed ended higher by 6.12% on Monday (May 6) as the company continued the buyback program.To subscribe please click here
