Revisiting Sawit Sumbermas & Citra Borneo Indah

Downfall of crude palm oil (CPO) prices might have contributed to 18% correction of Sawit Sumbermas Sarana (SSMS) in the past 10 months or so. While financial statements pointed to SSMS as one of the most profitable palm producers listed on Indonesia Stock Exchange (IDX), market value of the company eroded by more than 40% in the past three years.

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