Search result for: "DEAL"

Company Profile Established in June 2008, PT Tiphone Mobile Indonesia Tbk (Tele)’s main business is in the trading of telecommunications products. It focuses on selling and distributing starter packs and vouchers from network operators such as Telkomsel, Telkom Flexi and XL. Recently, the Company has also focused on selling handsets such as iPhone, Samsung and.

Highlights Potential tenders with commencements in 4Q13 RUIS is in tender process to supply Floating, Storage and Offloading Unit (FSO) service for CNOOC which will start operating in 4Q13. Given RUIS highly leveraged position (net gearing at 223% in 2012), RUIS can only use a re-chartered vessel scheme with foreign partnership. The deal would command.

Company Profile Nusa Raya Cipta engages in commercial, residential, industrial and civil construction works. It was first listed on the Indonesian Stock Exchange in June 2013. NRCA is a subsidiary of industrial property developer PT Surya Semesta Internusa Tbk (SSIA, BUY, TP IDR1,470). Highlights NRCA at a glance NRCA is one of the leading private.

Bright prospects RUIS provides services to oil and gas (O&G) companies such as operation support, inspection, offshore services and others. The company has vast management experience with 38 years in the O&G upstream business services and is highly exposed to reputable O&G clients. We see opportunities for RUIS in strong cross-selling services and margin expansion.

We initiate coverage on Voksel Electric (VOKS) with a BUY and IDR2,400 TP – a 65% upside to the current price. VOKS is the undisputed leader in the manufacturing of high-medium voltage aluminum and fiber optic cables. As a major supplier to PLN and TLKM, it is the main beneficiary of Government megaprojects in power.

WINS’ laggard movement vs JCI’s rally does not reflect the attractiveness of its: i) double-digit earnings growth forecasted for 2013/14, and ii) 42% and 37% 2013 P/E discounts to regional O&G services and OSV peers respectively. We see imminent re-rating and upside potential on the back of its margin expansion and fleet rejuvenation as well.

We are re-initiating coverage on the construction sector with an OVERWEIGHT for the following reasons: i) valuations are reasonable compared to regional players, ii) the government’s infrastructure projects are expected to accelerate earnings growth, iii) there are lower risks in executing projects, as laws will be enforced, iv) the property market’s outlook is solid for.

We are re-instating coverage on TOTL with a BUY and IDR1,060TP The company is currently trading at 17.7x and 13.4x 2012E & 2013E PER compared to the industry at 18.8x and 14.3x. We like TOTL’s operations for the following reasons: 1) robust order book growth on the back of loyal customer base, 2) direct contracting.

We are re-initiating coverage on the construction sector with an OVERWEIGHT for the following reasons: i) valuations are reasonable compared to regional players, ii) the government’s infrastructure projects are expected to accelerate earnings growth, iii) there are lower risks in executing projects, as laws will be enforced, iv) the property market’s outlook is solid for.

Earlier in our IIMS report, we already stated that we like the Agya and Ayla twins upon seeing it in the International Motor Show. We positively view Astra’s bold move to introduce the cars even though government hasn’t finalizing the LCGC incentive. The exterior is appealing and the interior is spacey with a very affordable.