Fajar Surya tries to re-open Indonesian equity market

Indonesian paper packaging producer opts to brave a difficult market because it needs money for expansion. Is it the right time for foreign funds to re-invest?

Fajar Surya tries to re-open Indonesian equity market
Indonesia’s only high-performance paper producer, PT Fajar Surya, has started to pre-market the country’s first $100 million plus equity deal since May.
 
The deal should provide a litmus test of foreign funds’ appetite for Indonesian primary market offerings following the headwinds which have pummeled the market since early March. 
 
The Jakarta Stock Exchange is down 8.11% year-to-date, putting it in the middle of...

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