Telkom Expanding Overseas
PT Telekomunikasi Indonesia (TLKM IJ, BUY, TP: IDR3,200) through its subsidiary of Telekomunikasi Indonesia International Australia Pty Ltd, acquired 75% of Contact Centres Australia (CCA) for AUD11 million. CCA is a business process outsourcing company (BPO) based in Sydney. On the other hand, TLKM also has developed a joint venture with Telstra Corporation Ltd for.
Read More...Steel Pipe Industry Upbeat Update On East Java Plant Visits
On 19 Sept we took investors on a 1-day visit to four of Spindo’s East Java plants, which made up 81% of its production capacity in 1H14. We got to observe the efficiency at its new Sidoarjo plant relative to its older plants, cementing our confidence in Spindo’s commitment to cost efficiency as the plant.
Read More...Steel Pipe Industry East Java Site Visit Trip Update
On 19 September 2014 we held a 1-day site visit trip with investors to four of Spindo’s East Java plants which contributes 81% of its production capacity in 1H14. We were able to see how the new Sidoarjo plant operates so efficiently relative to its older plants. This arise our confidence in Spindo’s commitment in.
Read More...ADHI Cuts FY14 New Contract to IDR15.2Trn
Management of Adhi Karya (ADHI IJ, BUY, TP: IDR3,745) announced that FY14F target new contract is revised down from IDR21trn to IDR15.2trn. This was due to several project delays as a result of the uncertainty from election, thus several project owners are waiting for the new cabinet to be formed. At the same time, management.
Read More...WIKA is Tapping Into Overseas Market
Management of PT Wijaya Karya (WIKA IJ, Neutral, TP: IDR3,100) announced that the company will be taking overseas projects where each project is estimated to worth ~USD100-200m. Several projects mentioned are: toll road project in Algeria and Timor Leste, High rise project in Myanmar & Arab Saudi, and mall project in Kuching, Malaysia. The company.
Read More...Rukun Raharja (2014)
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.
Read More...Telkom to Wrap up 25% TELE Acquisition
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.
Read More...Wijaya Karya New Contracts Ytd is IDR11.35trn
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.
Read More...WIKA Signed USD125M Myanmar Contract
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.
Read More...WIKA Site Visit & Analyst Meeting Notes
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.
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