Search result for: "LNG"

Waskita Karya Capital Expenditure worth IDR3.92Trn. Waskita Karya, Tbk (WSKT IJ) use its new funds from capital expenditure (capex) in 1Q19. Haris Gunawan, Director of Finance and Strategy Waskita Karya said, out of a total capex.

Perusahaan Gas Negara Ratings to be on the level of BBB-. The ratings for the long-term ratings of foreign currency Issuer Default Rating (IDR). In.

The involvement of PT Humpuss Intermoda Transportasi, TBK (HITS IJ) in development consortium LNG Floating Storage and Regasification Unit (FSRU), will support its revenue for next 25 years. The consortium aims to supply IPP (independent power producer) needs PLTGU (Java 1 and Tambak Lorok). For the record, Humpuss portion reaches 25% of the total.

3Q14 net profit reached USD222m (+14.7% q-o-q), bringing 9M14 figure to USD592m (-7.8% y-o-y), in line, comprising 70%/75% of ours/consensus FY14 target. The q-o-q net profit increase is mainly due to forex gain of USD34m in 3Q14 (vs forex loss of USD11m in 2Q14). We see that gross margin squeeze on higher gas cost to.

Company background RAJA is a gas distribution & transmission company with a market share of around 5% (based on my calculation) on the gas distribution business and is the largest non-SOE player in the gas distribution industry. It has a relatively similar business model compared to Perusahaan Gas Negara (PGAS IJ, BUY, TP: IDR6,600) only.

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.

PGN’s 1Q14 earnings reached USD177m (-19.3% q-o-q), ie 20% of our and consensus FY14 target. This was dragged mainly by higher than expected 1Q14 revenue cost (+17.8% q-o-q). We cut 2014 and 2015 earnings by 7% and 1% respectively, but maintain the DCF-based IDR6,000 TP and BUY call as we increase our long-term growth rate.

The recent political development inside PDIP which led to the speculation that the party will endorse Jokowi as a presidential candidate is premature, in our view. But we believe Jokowi nomination will lower political uncertainties and positive for the financial markets. November 13 trade data also showed that fundamental economy of Indonesia is improving. Large.

We think that PGAS-Pertagas potential M&A schemes, open-access & unbundling policies” issues is still a rough scheme, therefore needs further study and unlikely to proceed in the mean-term. We like PGAS given its given its rich cash position to cater diversified projects aligned with strengthening its vertical integrated chain. We see that the share price.

We think that PGAS-Pertagas potential M&A schemes, full “open-access & unbundling” proposals are still at a very early stage, thus needs further study & unlikely to proceed in the mean-term. We view that PGAS should maintain its dominance in the industry given its vast experience in the industry to provide solid distribution to cater domestic.