Search result for: "Perusahaan Gas Negara"

Ketapang Block Operator, is owned by PT Saka Ketapang Perdana by 20% and Petronas 80%, is will drill two new wells in Lapangan Bukit Tua to increse production from 15,000 to 20,000 barrels of oil per day (BOPD). PT Saka Ketapang Perdana is a subsidiary of PT Perusahaan Gas Negara (Persero), Tbk (PGAS IJ). Meanwhile,.

On the rating front, Fitch has raised the outlook on 6 Indonesia stated owned companies to positive following its revision on the country’s sovereign rating. The SOEs whose outlook being revised to positive are; i) Perusahaan Listrik Negara (PLN), ii) Perusahaan Gas Negara, Tbk (PGAS IJ), iii) Telekomunikasi Indonesia, Tbk (TLKM IJ), iv) Pertamina, v).

Total corporate bonds issuance in the first nine month of this year has reached a staggering IDR79trn, up by 26% than full year issuances in 2015. This year issuances were still dominated by banks and multifinance firms with their combined issuances accounted for 80% of total year to date issuances. The biggest issuer was Eximbank,.

We reinitiate coverage of Ace Hardware Indonesia, Tbk (ACES IJ) with a NEUTRAL and a DCF-derived TP of IDR640, implying 20x/18x FY15/16F P/E. This year proves challenging due to a weak IDR vs USD which might erode ACES’ lifestyle product gross margin, increasing inventory days, while its aggressive store expansion plan might further lower its.

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.

We initiate coverage on Spindo with a DCF-derived TP of IDR370 which represents a 100% potential return upside and recommend a BUY. Our TP implies a 7.0x FY15F earnings. Main triggers: i) its dominance in the domestic steel pipe market with a 30% share; ii) the company being a beneficiary of the nation’s growing gas.

We initiate Spindo with BUY conviction premised on: 1) Its dominant position in domestic steel pipe market (~30% share); 2) Main beneficiaries to the nation’s rise in gas infrastructure, construction developments and higher local content requirements in the automotive sector; and 3) Super appealing 3.3x FY15F P/E with 13% ROAE and PEG of 0.1x. We.

We initiate Spindo with a BUY conviction premised on: 1) Its dominant position in domestic steel pipe market (~30% share); 2) Strong proxies to the nation’s rise in gas infrastructure, construction developments and higher local content requirements in the automotive sector; and 3) Super appealing 3.3x FY15F P/E, 15% ROAE and PEG of only 0.1x..

We initiate ISSP with a BUY premised on 1) Its dominant position in domestic steel pipe market (~30% share); 2) A strong proxy to the oil & gas (O&G) pipes demand, construction/infrastructure developments and higher local content requirements in the automotive sector; and 3) Highly appealing 3.3x FY15F P/E, 15% ROAE and PEG of only.

Wintermar Offshore Marines, Tbk (WINS IJ, BUY, TP:IDR1,200) has officially acquired 51% of Fast Offshore Indonesia for IDR27,937bn. With this acquisition, WINS will have four additional high-tier fast multipurpose support vessels (FMSV) to support deep offshore drills operation. Now, WINS have 28 armadas of low-tier vessels, 37 middle-tier, and 9 high-tier vessels. Perusahaan Gas Negara.