ADHI Revised FY14 New Contracts to IDR10.5Trn

Adhi Karya (ADHI IJ, Neutral, TP: IDR2,720) has made another revision for this year’s target new contract from IDR15trn to IDR10.5trn (-30%). Unfortunately, management has not issue a formal explanation for this second revision. Moreover, new contracts won until October 2014 has reached IDR5.5trn. Therefore, the new contracts achievement YTD has reached 52% from the company’s target and 78.5% from our target. Currently, we are maintaining our forecast and thus our Neutral call on ADHI.

Until July 2018, Pembangunan Perumahan new Contract Reach IDR27.19Trn

Wika Beton Booked IDR3.06Trn New Contracts in 1H18

Wika Gedung New Contract Worth IDR5.89Trn

Bond Market Mixed amidst Bank Indonesia Meeting

The Increase of Non-Subsidies Fuel Price is Positive Sentiment to Rupiah