PT DCI Indonesia Tbk (DCII) has long been praised as the pioneer of Tier-IV data centers in Southeast Asia. It is unbelievable, that a company with net profit of less than US$50 million is worth US$27 billion. Even when DCII posted return on equity (ROE) of 26.5% last year, it is difficult to justify the price-to-book value (PBV) nearly 150x. To subscribe please click here
