Search result for: "Eligible Projects"

Express Transindo (TAXI IJ) is Indonesia’s second largest taxi operator that offers: i) a high predictability of future cash flow due to daily fixed payments, ii) robust volume-driven growth, and iii) minimum exposure to operating expenses such as fuel and maintenance. We initiate coverage with a BUY and DCF-based TP of IDR2,100, providing a potential.

We think that PGAS-Pertagas potential M&A schemes, full “open-access & unbundling” proposals are still at a very early stage, thus needs further study & unlikely to proceed in the mean-term. We view that PGAS should maintain its dominance in the industry given its vast experience in the industry to provide solid distribution to cater domestic.