Search result for: "DEAL"

We think WINS’ 4Q13 earnings could be poised for an upside surprise, bolstered by contributions from its anchor-handling tug and supply (AHTS) vessels in 2H13. In view of the strong 4Q13 and higher vessel utilisation expected for 2014, we raise our FY13-14F earnings estimates by 8-6%. Maintain BUY, with our TP lifted to IDR840 (8.5x.

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,.

Executive Summary “Logindo Sukses Makmur (Logindo) is expected to book net profit CAGR of 83% for the three years to 2014, spurred by strong fleet expansion to higher tier vessels. The group has a relatively young fleet age and lucrative margins. Its strong track record with well-known O&G companies is a precursor for greater things.

Management expects 9M13 earning before tax to come at IDR62bn (+15% y-o-y) reaching only 46% of our FY13 forecast. We may need to revisit our forecast considering majority of the highly profitable exhibitions (IIMS, Mega Bazaar Computer, Festival Komputer Indonesia, IPA etc) are already included in 9M13 result. Major projects to come in 4Q13 including.

Company Profile Mitra Pinasthika Mustika (MPMX) was established in 1987 with initial operations in the motorcycle distribution business. It subsequently expanded into related areas such as motorcycle retail sales and consumer parts. In 2011, it expanded its business by acquiring a car rental and financing business. The company is 29%-owned by Saratoga Investama Sedaya (majority.

Company Profile Radiant Utama Interinsco (RUIS) provides operation support, inspection and certification, offshore services and others to the upstream oil & gas (O&G) industry. RUIS has two business segments: i) light-based services, and ii) asset-based services. The former is an operating support and inspection services provider and accounted for ~77% of the Group’s FY12 revenue.

Company Profile Surya Semesta Intermusa (SSIA) was established in 1971 as an investment company and went public in 1997. Through its units, the Company is involved in property development (industrial estates, commercial offices and shopping malls), construction and hospitality (hotels and resorts). It has a strong relationship with the Astra Group (NEUTRAL, ASII: IJ, TP:.

Company Profile Nusa Raya Cipta engages in commercial, residential, industrial and civil construction works. It was first listed on the Indonesian Stock Exchange in June 2013. NRCA is a subsidiary of industrial property developer PT Surya Semesta Internusa Tbk (SSIA, BUY, TP IDR1,600). Highlights NRCA at a glance NRCA is one Indonesia’s leading high-rise construction.