PTPP to Develop IDR20trn Superblock Project
PT Pembangunan Perumahan (PTPP IJ, Under Review) will begin groundbreaking of the IDR20trn Grand Kamala Lagoon superblock project in Bekasi, West Java. The 25 ha superblock area is designed to have 25 apartment towers in the next 20 years. Other than that there are several more projects to come such as the groundbreaking for IDR5trn.
Read More...PTPP to Develop IDR20Trn Superblock Project
Pembangunan Perumahan, Tbk (PTPP IJ) will begin groundbreaking of the IDR20Trn Grand Kamala Lagoon superblock project in Bekasi, West Java. The 25 ha superblock area is designed to have 25 apartment towers in the next 20 years. Other than that, there are several more projects to come such as the groundbreaking for IDR5Trn Grand Sungkono.
Read More...Steel Pipe Industry Nation’s Stamp Mark For Steel Pipes
We initiate Spindo with BUY conviction premised on: 1) Its dominant position in domestic steel pipe market (~30% share); 2) Main beneficiaries to the nation’s rise in gas infrastructure, construction developments and higher local content requirements in the automotive sector; and 3) Super appealing 3.3x FY15F P/E with 13% ROAE and PEG of 0.1x. We.
Read More...One Section of Trans-Java Toll will Operate Soon
Indonesian Toll Road Authority (BPJT) announced that 14.41 Km Mojokerto-Kertosono toll road section 1 (SS Bandar – SS Jombang) will operate soon before the end of the current President’s reign. The toll road is part of the Trans-Java toll road project. Currently, the section is under feasibility trials with indefinite completion.
Read More...Steel Pipe For The Country
We initiate Spindo with a BUY conviction premised on: 1) Its dominant position in domestic steel pipe market (~30% share); 2) Strong proxies to the nation’s rise in gas infrastructure, construction developments and higher local content requirements in the automotive sector; and 3) Super appealing 3.3x FY15F P/E, 15% ROAE and PEG of only 0.1x..
Read More...META will rights issue 10%
PT Nusantara Infrastructure (META IJ, Not Rated) will issue 10% of new shares through rights issue. The funds will be used to finance the acquisition of 3,500 units of PT XL Axiata’s (EXCL IJ, BUY, TP: IDR6,300) tower and other expansion. Rights issue offer price will be at IDR250/share, so META will receive around IDR380bn.
Read More...Indosat Targets Temittance Segment
Indosat (ISAT IJ, BUY, TP: IDR4,800) is targeting remittance business. The company has signed an agreement with HomeSend to develop a remittance service to target 60 million Indosat’s customers in Indonesia. HomeSend is a joint venture between MasterCard, eServGlobal, and BICS that enables B2B cross-border and cross-network value transfers through a single connection. Through the.
Read More...Indosat targets remittance segment
PT Indosat (ISAT IJ, BUY, TP: IDR4,800) is targeting remittance business. The company has signed an agreement with HomeSend to develop a remittance service to target 60 million Indosat’s customers in Indonesia. HomeSend is a joint venture between MasterCard, eServGlobal, and BICS that enables B2B cross-border and cross-network value transfers through a single connection. Through.
Read More...INTP to finish P14 cement mill in 2015
PT Indocement Tunggal Prakarsa (INTP IJ, BUY, TP: IDR29,000) will finish developing new cement mill P14 in Citeureup, West Java by 2015. The new plant will have 4.4mn tons/annum of capacity and worth IDR5.5trn. Out of the IDR4-5trn of capex allocation, IDR880bn have been spent to develop the new mill. On the other hand, INTP.
Read More...PTBA will continue to finish restructuring BATR
Management of PT Bukit Asam (PTBA IJ, BUY, TP: IDR12,400) intends to finish restructuring the mining concession of PT Bukit Asam Bangko (BAB). This restructuring process has been delaying the development of Bukit Asam Transpacific Railways (BATR) project. Since BAB is a joint venture between PTBA & Rajawali Group, management has stated that there is.
Read More...
