Search result for: "Pembangunan Perumahan"

We maintain our NEUTRAL call on PTPP at a new IDR1,600 TP, as we roll over our valuation to FY14, implying a 17.0x target 2014 P/E. We foresee that the company will reach its FY13E net profit target on the back of a robust construction pipeline, although its 90% share price rally and inflated valuation.

PTPP’s 1Q13 revenue and net profit came in at IDR1.28trn and IDR43bn, up 44.3% and 33.6% y-o-y respectively, in line with our estimates. Net profit grew at a slower pace than topline as the high-margin segments such as property, realty and EPC posted lower margins y-o-y. We attribute this to PTPP’s seasonality and expect margins.

PTPP warrants a discount to the industry’s average P/E as it is the most leveraged company in the business, which poses downside risks on its ability to take on additional mega-projects. A puzzling 1Q13 result guidance and challenges over its dominance on port projects lead us to deem the stock as having reached its fair.

Upon a limited audit review of their financial statements for purposes of bond issuance in FY13, PTPP finally released its 9M12 financial statements yesterday. The company posted 9M12 revenue of IDR3.9trn (up 34% y-o-y, 95% q-o-q), arriving at IDR106bn worth of net profits (up 73% y-o-y, 63% q-o-q). Top-line financial statement items are in-line with.

We initiate coverage on PTPP with a BUY and IDR950 TP, representing a 17% upside to the current share price. Our TP is based on a target of 11.3x PER over the company’s FY14 earnings, at par with its historical average rolling PER. We like PTPP for its strong 20.3% CAGR in earnings between FY10-FY12,.

PP Presisi New Contract. The most prominent heavy equipment construction and rental service provider company with the best quality products in Indonesia. PP Presisi (PPRE) won a new contract of IDR 424 billion in the first quarter of 2020. The corona virus pandemic has had a significant impact on the performance of PT PP Presisi.

Banking Loan Restructuring. The banking loan restructuring program held by the government is like a stamina test for national banks. Meanwhile, the success of the loan restructuring and loan relaxation of trillions of rupiah worth of consumer loans depends on the resilience of the bank’s capital to support the program. For the record, banks are.

Biography: Iswanto Amperawan President Director of PP Presisi. Nearly three decades of Iswanto Amperawan pursue a career in Pembangunan Perumahan Tbk (PTPP.

HADE Interest in Power Plant Business. Himalaya Energi Perkasa Tbk (HADE IJ) is still working to find opportunities in the power plant business. HADE plan was realized in 2019 and then.

MMLP Welcomes Amazon Arrivals. Industrial area entrepreneurs welcome positive plans of entry of Amazon (NASDAQ: AMZN) to Indonesia, will push the demand for industrial areas, so far still growing.