Search result for: "Pertamina"

1Q14 earnings reached USD8m (-12.9% q-o-q; +30.5% y-o-y), in line with our expectations (22% of our FY14 estimate). We believe the company should be rated against its regional peers, which benefit from the cabotage or local content ruling. We increase our TP to IDR1,200 with a target PER of 12x (previously 9.4x), premised on the.

1Q14 net profit rose to USD6m (+9.6% q-o-q, +62.2% y-o-y), or 25% of our FY14 estimate Looking ahead, we expect more contribution from other customers besides Total E&P. Logindo has signed a two-year long-term contract with Pertamina Hulu Energi – a sign of better fleet contracts earnings quality. We raise TP to IDR4,900, with 12x.

1Q14 net profit increased hit USD6m (+9.6% q-o-q; +62.2% y-o-y), which is inline accounting 25% to our FY14 net profit. We see more contribution from other customers besides Total E&P which is positive in our view. Logindo recently signed a 2 year long-term contract with its Pertamina Hulu Energi, which is a sign of better.

Company Profile WINS has been involved in marine transportation since 1970 catering offshore support vessels to the oil and gas. It also provides fleet support to the upstream activities of offshore oil and gas companies. WINS’ clients are oil & gas giants, such as Chevron, Exxon Mobil, Conoco Phillips and Pertamina. Highlights A young OSV.

Company Profile Steel Pipe Industry (ISSP) was founded in 1971 as a joint-venture between a local company, Itochu Corporation and Kawasaki Steel Corporation. In 1989, the company was acquired by Ibnu Susanto, a seasoned steel entrepreneur. In 1998, the company merged with PD&I Rajin, a steel pipe producer with the same owner. Constructions pipe, oil.

Logindo (LEAD) is to book an 83% net profit CAGR for the three years to 2014, spurred by its strong fleet expansion to higher-tier vessels. Its relatively young fleet age, lucrative margins and strong industry track record are precursors of greater things. We initiate coverage with a BUY and IDR3,450 TP, implying an 8.5x 2014.

LEAD to book net profit CAGR of 83% for the three years to 2014, spurred by strong fleet expansion to higher-tier vessels. LEAD has relatively young fleet age & lucrative margins. Its strong track record with well-known O&G companies is a precursor for greater things to come. We have a BUY call with TP IDR3,450,.

LEAD to book net profit CAGR of 83% for the three years to 2014, spurred by strong fleet expansion to higher-tier vessels. LEAD has relatively young fleet age & lucrative margins. Its strong track record with well-known O&G companies is a precursor for greater things to come. We have a BUY call with TP IDR3,450,.

Controversies of PGAS-Pertagas merger plan has been heating up in medias PGAS and Pertamina have expressed their respective views regarding the merger schemes to the government and has led to a concern to investors whether any decisions to be made is for political rather than national interest. We provide scenarios should any synergies be made.

The controversy over the PGAS-Pertagas merger plan is heating up. PGAS and Pertamina have conveyed their respective views on the proposal to the Government, but this has led to concerns whether any decision would be motivated by politics rather than in the national interest. We draw up scenarios of any potential synergies arising from merging.