Kategori: Infrastructure Transportation

Background First lited on the IDX in 1993, PT Rukun Raharja Tbk (RAJA) originally operated primarily as port logistics company; this was seen by its initial 99% shares acquisition of PT Sarana Timur Nusantara (PT CSN) a port services company that specializes in landing craft tanks, tug boats, and barges. By 2010, RAJA started its.

PT Telekomunikasi Indonesia (TLKM IJ, BUY, TP: IDR3,200) will soon wrap up the acquisition of 25% PT Tiphone Mobile Indonesia (TELE IJ, BUY, TP: IDR1,000) shares. TLKM through its subsidiary, PT PINS Indonesia, has acquired 1.11 bn shares of TELE (15%) for IDR876.7bn with Sales & Purchase Agreement (SPA) signed on 11 September 2014. Later.

Management of PT Wijaya karya (WIKA IJ, Neutral, TP: IDR3,100) has stated that the company has achieved IDR11.35trn of new contracts until the first week of September. This achievement includes the ~IDR1.5trn Myanmar contract, IDR500bn conveyor system for PT Bukit Asam (PTBA IJ, BUY), IDR409bn for Jakarta International Container Terminal and several others. WIKA is.

Wijaya Karya (WIKA IJ, Neutral, TP: IDR3,100) has signed a USD125m contract with Noble Twin Dragon Pte. Ltd (NTD) to build Pyay Tower & Residence in Yangon, Myanmar. The tower will consist of 23 floors and 3 basements and the construction project will take 3 years period starting October 2014. WIKA’s scope of work in.

We just visited one of WIKA’s project site, Soekarno-Hatta Terminal 3 Ultimate (T3U). Here are our key takeaway points: Soekarno-Hatta Terminal 3 Ultimate is the extension of the existing Terminal 3 and meant to be the capacity extension to the currently over-capacity Soekarno-Hatta airport. The project is worth IDR4.7trn and the construction is being done.

PGAS’ 2Q14 core profit of USD201m (+11.3% q-o-q, 23.5% y-o-y) brought 1H14 core profit to USD381m (+2.6% y-o-y), making up 49% of our FY14 estimate of USD786m (+5.4% y-o-y). Higher contribution from its E&P segment led to a higher margin mix in 2Q14, resulting in a 21.4% q-o-q growth in 2Q14 operating profit and a.

2Q14 core profit reached USD201m (+11.3% q-o-q, 23.5% y-o-y), bringing 1H14 core profit to USD381m (+2.6% y-o-y), contributing 49% to our FY14 core profit estimate of USD786m (+5.4% y-o-y). PGAS’ riskier profile from higher contribution from its E&P business segment contributes higher margin mix, bringing 2Q14 operating profit hiked 21.4% q-o-q with higher 33% blended.

PT Surya Semesta Internusa (SSIA IJ, Neutral, TP: IDR1,025) is seeking external loan of USD126m in order to fund the development of SSI Tower in Jakarta. The external fund will be around 70% of the total investment of USD180m. The company intends to combine USD& IDR based loan to achieve the best cost of fund..

PT Telekomunikasi Indonesia (TLKM IJ, BUY, TP: IDR3,200) is planning to expand to the Middle East by finding a strategic partner. The company will start in the Middle east with Mobile Virtual Network Operator (MVNO). Management also stated that the investment funds will be not taken from this year’s capex but rather from the company’s.

PT Telekomunikasi Indonesia (TLKM IJ, BUY, TP: IDR3,200) intends to expand its business to Silicon Valley, USA by collaborating with venture capitals such as Fenox Venture Capital. Fenox will act as mentor and mediator in the Corporate Venture Capital (CVC). TLKM will have to invest USD200m in gradual with USD25m as the initial investment phase..