Surya Semesta More Catalysts In The Pipeline
Company Profile Surya Semesta Intermusa (SSIA) was established in 1971 as an investment company and went public in 1997. Through its units, the Company is involved in property development (industrial estates, commercial offices and shopping malls), construction and hospitality (hotels and resorts). It has a strong relationship with the Astra Group (NEUTRAL, ASII: IJ, TP:.
Read More...Lippo Cikarang, Grand Plan Finally Bears Fruit
Company Profile Lippo Cikarang is an independent township with a solid industrial sector as its economic pillar. Its unrivaled infrastructure and diverse facilities should support its strategy targeting sustainable growth. Highlights Robust investment climate LPCK’s industrial land sales expanded by a 70% CAGR from FY08 to FY12, as Indonesia’s huge market potential continued to attract.
Read More...Nusa Raya Cipta Entry Into Infrastructure To Power Growth
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 IDR1,600). Highlights NRCA at a glance NRCA is one Indonesia’s leading high-rise construction.
Read More...Tiphone Mobile Powering Up Through Acquisitions
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.
Read More...Voksel Electric Powered By Cable Demand
Company Profile PT Voksel Electric (VOKS) manufactures power and telecommunication cables. It is the largest manufacturer of medium-voltage aluminium cables and fibre optics in Indonesia and the main supplier to the State Power Company Perusahaan Listrik Negara (PLN) and PT Telekomunikasi Indonesia (TLKM, BUY, TP IDR13,000). Highlights Directly benefiting from aggressive power and telco spending..
Read More...Pembangunan Perumahan Building on Solid Growth
Company Profile PTPP provides civil engineering and building construction services. It has recently expanded into EPC developments and industrial concrete manufacturing, as well as property developments. Highlights The port projects specialist PTPP’s orderbook, which is expected to reach ~IDR35trn by end-FY13, is bolstered by its expertise in port development, as well as its strong working.
Read More...Wijaya Karya Lifted By Coveted Portfolio Of Projects
Investment Merits WIKA’s strong ties with the national power and oil & gas (O&G) companies make it the frontrunner to secure high-margin engineering, procurement and construction (EPC) projects. Strategic ownership of precast manufacturer WIKA Beton ensures consistent supply despite increasingly tight raw materials market. Widest net margins among other national construction companies (5.0% in FY13F),.
Read More...Wintermar Positive Outlook Persists
Investment Merits a. Limited impact from the tender banning on its subsidiary b. Positive outlook remains intact c. Potential upside to our earnings growth forecasts Company Profile Wintermar Offshore Marine (WINS) has been involved in marine transportation since 1970. It also provides fleet support to the upstream activities of offshore companies. Its clients include oil.
Read More...Surya Artha Nusantara Finance Bond Issuance (2013)
PT Surya Artha Nusantara Finance (the Company) was established with the name of PT Sangga Loka Subur on August 25, 1983. The Company obtained a license to operate as a financing company from the Minister of Finance of Republic of Indonesia based on its Decision Letter No.1660/KMK.013/1990 dated December 31, 1990, with license in leasing.
Read More...Radiant Utama Interinsco Cheap within an Attractive Industry
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.
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