Shares of state nickel firm Vale Indonesia (INCO) lost 2.92% to Rp4,320, to make market capitalization of Rp42.92 trillion, trading with PE multiple 9.63, substantially cheaper than Harita Nickel (NCKL), which is now traded with PE multiple 14. The stock fell 2.26% so far this year, but ever reached its peak at Rp5,200 on May 29, 2024. To subscribe please click here