Shares of state gas distributor Perusahan Gas Negara (PGAS), Pertamina’s gas subholding, gained 0.67% Rp1495 on Friday last week (August 18), to make market capitalization of Rp36.24 trillion, way below equity (Rp52.5 trillion). The stock has fallen 13.8% so far this year, as investors responded negatively to PGAS’ correction on earnings. To subscribe please click here
