Search result for: "Pembangunan Perumahan"

Pemeringkat Efek Indonesia (Pefindo) reaffirmed the rating idA+ for Pembangunan Perumahan (PT PP), Tbk (PTPP:IJ). The ratings also applies to the Shelf Registered Bond I Tranche I Year 2013, and Shelf Registered Bond I Tranche II Year 2015 worth IDR1Trn. The rating is valid for the period of November 2017 to November 2018, and the company’s.

PP Energi plan to offer as much as its 35% of the shares to public through an initial public offering (IPO) in 2018. The subsidiary of Pembangunan Perumahan, Tbk (PTPP:IJ) would overtake other company’s subsidiaries to become a member of the Indonesia Stock Exchange (IDX). This year, PTPP will also deliver on of his business, namely.

Built during the Soekarno presidential era, Semanggi flyover is widely known as an iconic structure of Jakarta over the years. Located in the heart of Jakarta, the clove-shaped flyover connects the most crowded areas including Sudirman Central Business District (SCBD), Thamrin, Senayan and Kuningan within its 3-km radius. These areas cover the city’s 2 major.

Kawasan Industri Jababeka, Tbk (KIJA IJ) and PP Properti, Tbk (PPRO IJ) agreed to build simultaneously market the project apartment Riverview Residences and Commercial Riverwalk Park. It was proved by signing the cooperation agreement conducted by the President Director of Jababeka Liman Budianto, Director Jababeka Suteja Sidarta Darmono, and President Director of PP Properti Taufik.

No surprises from 6M15’s performance, as sales and net income were in line with our/consensus FY15 estimates. Maintain NEUTRAL and IDR640 TP (0% upside) for now as we remained concerned with negative SSSG and persistently increasing inventory days. Furthermore, as Ace imports 40% of its goods from outside China, the recent import tariff hike would.

Adhi Karya, Tbk (ADHI IJ, Neutral, TP: IDR2,720) has booked IDR6.3Trn of new contracts in 11M14 that consist of building projects (59.4%), roads & bridges (21.1%), and other infrastructure projects. Most of its projects were still dominated by private projects (43.1%), while the Government portion was at 42.2%, and SOE portion was 14.5%. ADHI’s management.

Adhi Karya (ADHI IJ, Neutral, TP: IDR2,720) has made another revision for this year’s target new contract from IDR15trn to IDR10.5trn (-30%). Unfortunately, management has not issue a formal explanation for this second revision. Moreover, new contracts won until October 2014 has reached IDR5.5trn. Therefore, the new contracts achievement YTD has reached 52% from the.

PT Pembangunan Perumahan (PTPP IJ, Neutral, TP: IDR2,590) booked net income of IDR290bn (+32.9% y-o-y) while revenue reached IDR7.8trn (+7.6% y-o-y). On quarterly basis, 3Q14 net income jumped to IDR143bn (+91.6% y-o-y) and 3Q14 revenue reached IDR3.2trn (+4.1% y-o-y). Comment: The 9M14 earnings was above our expectation that made up 56%/54% from our/consensus full year.

Management of PT Pembangunan Perumahan (PTPPIJ, Neutral, TP: IDR2,590) has stated that the company reduced this year’s target new contract from IDR24trn to IDR22trn. This was done because several projects are experiencing some kind of delays and will resume next year. As of September, PTPP’s new contracts has reached IDR12trn or 50% from the initial.

PT Pembangunan Perumahan (PTPP IJ, Neutral, TP: IDR2,590) together with PT Pelabuhan Indonesia I (Pelindo I) and Waskita Karya (WSKT IJ, Not Rated) will form a joint venture of PT Prima Multi Terminal to operate Kuala Tanjung port in Medan, Sumatera that will have an estimated capital requirement of IDR580bn. Pelindo I will have 55%.