Search result for: "tlkm"

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..

We initiate coverage on Voksel Electric (VOKS) with a BUY and IDR2,400 TP – a 65% upside to the current price. VOKS is the undisputed leader in the manufacturing of high-medium voltage aluminum and fiber optic cables. As a major supplier to PLN and TLKM, it is the main beneficiary of Government megaprojects in power.

Voksel Electric (VOKS)’s 1Q13 revenue rose 13% y-o-y to IDR600.4bn, but net profit edged down 2% y-o-y to IDR26.8bn. Yet, we believe margins are set to improve going into the year as commodity prices are bottoming out, thus allowing the group to accumulate raw materials at lower costs. VOKS’ IDR1.6trn orderbook as at end-April reaches.

VOKS is the undisputed leader in manufacturing aluminum and fiber optic cables in Indonesia. The company is a major supplier to PLN and TLKM, making it the main beneficiary of the Government’s megaprojects in power and telco, which are worth at least USD4.5bn in opportunities to the company for the next 10 years. VOKS is.