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Arwana Citramulia, Tbk (ARNA:IJ) want to improve its efficiency by establishing the plant area V in Mojokerto, East Java. The company had recently built plant V in the area of Mojokerto, since ceramic products UNO got positive response in society. Previously, company relies on the production of wall ceramic in plant II that are in.

PT Garuda Indonesia, Tbk (GIAA IJ) is optimistic on its 3Q2017’s performance, citing that it will a profit in the quarter, since there is a twofold increase from same period 2016. During 3Q2016, company reported its net income worth USD19.1mn. While according to company’s statement, Garuda Indonesia’s net income could reach USD70mn in 2H2017, a.

PT Garuda Indonesia, Tbk (GIAA IJ), market leader among full-service carriers in Indonesia, is targets earn profit in 2H2017, supported by peak season tend to be high and high demand on air transport. Previously, company reported a loss in 1H2017 worth USD281.92mn (IDR3.66trn), compared to same period last year USD63.59mn.

Wijaya Karya, Tbk (WIKA IJ) through its subsidiary, Wika Beton, Tbk (WTON IJ), has acquired 80% of Citra Lautan Teduh (CLT), a concrete company, for USD23.5Mn from Pumyang Construction Co Ltd. CLT is producing pre-stressed spun concrete pile and has a production capacity of 100k tons. Management has signed CSPA where WIKA will have 10%.

Emerging new core business. Currently, the group’s earnings are predominantly contributed by its subsidiaries, Cipta Kridatama (~43% earnings contribution – contract mining) and Sumberdaya Sewatama (~16% – power solutions). However, in the long run, we expect ABMM’s subsidiary, Reswara (currently contributing only 9% to group earnings), to be the backbone of ABMM’s consolidated business. We.