Tags: PTPP

Jokowi theme still alive, dominating performance (infra).

Dec 05, 2014 - Indo - 0 Comments - Standard

JCI managed to post gain +.28% despite the sharp fall in commodity stocks due to sharp fall in the oil prices sent airline GIAA +10% finally. The index was supported by big cap like TLKM +1.95%, SMGR + 4.2%, INTP +3%, BBNI +3.3% and ISAT +11.75%, SCMA +3% on the back of reinclusion into Syria […]

Indonesia Construction Sector – And the beat goes on..

Dec 03, 2014 - Indo - 0 Comments - Standard

● We believe there is a dire need for infrastructure improvements in Indonesia, as it is among the lowest ranked countries in Asia in Global Competitiveness Index and overall infrastructure. Full report ● Jokowi revealed his infrastructure targets for 2019, implying multi-year massive infrastructure spending. We believe that growth in public spending (savings from fuel […]

PTPP: Beneficiary Of Port Projects

Nov 28, 2014 - Indo - 0 Comments - Standard

With the Government planning to ramp up infrastructure development, including building 24 new ports, we think Pembangunan Perumahan (PTPP) will benefit. Upgrade to BUY as we change our TP to IDR3,600 (from IDR2,590, 19.2% upside) using DCF-based valuation that reflects 20.7x FY16F P/E to capture the growth opportunities. It has higher chances of winning those […]

PTPP garap kontrak Rp 37 triliun

Nov 27, 2014 - Indo - 0 Comments - Standard

Emiten konstruksi pelat merah PT PP (Persero) Tbk (PTPP) kian mendekati target order book hingga akhir tahun. Hingga saat ini, perseroan memperoleh total kontrak atau order book Rp 37 triliun. Nilai tersebut berasal dari carry over tahun lalu sebesar Rp 21,93 triliun. “Sementara, perolehan kontrak baru yang kami peroleh Rp 15,1 triliun,” imbuh Direktur Keuangan […]

PTPP bangun apartemen di Australia

Nov 27, 2014 - Indo - 0 Comments - Standard

Emiten pelat merah PT PP (Persero) Tbk (PTPP) sepertinya bakal semakin ekspansif. Melalui anak usahanya, yakni PT PP Properti, perseroan sudah memegang  kontrak pembangunan apartemen di Australia. PT PP Properti akan membangun apartemen Multiplex dan Pindan di negeri kangguru tersebut. Proyek tersebut terdiri dari 12 tower apartemen dan terdiri dari 250 unit kamar. “Nilai proyeknya […]

PTPP Q3-14 Analyst Meeting

Nov 26, 2014 - Indo - 0 Comments - Standard

PT PP Tbk (PTPP) catatkan kenaikan laba bersih 33% di Q3-14 sebesar Rp 290,17 miliar dari periode Q3-13 sebesar Rp 218,35 miliar. Perolehan kontrak baru tahun ini diprediksi bisa mencapai nilai Rp 22 triliun & laba bersih diperkirakan sebesar Rp 520 miliar. Pencapaian ini selain ditopang banyaknya proyek yang diperoleh, juga berasal dari efisiensi dan efektivitas […]

PTPP menganggarkan belanja modal tahun 2015 sebesar Rp1,8 triliun

Nov 26, 2014 - Indo - 0 Comments - Standard

PTPP menganggarkan belanja modal tahun 2015 sebesar Rp1,8 triliun, naik 286% dibandingkan dengan alokasi tahun ini Rp466 miliar. Dari total belanja modal 2015, sebesar Rp800 miliar dialokasikan untuk proyek properti. Selain itu, PTPP juga membidik proyek lain terutama di sektor pembangkit, jalan tol, pelabuhan, dan proyek lainnya. PTPP juga menargetkan kontrak baru 2015 sebesar Rp27,5 […]

3 SOE contractors aim 2015 new contract worth IDR80.57t

Nov 19, 2014 - Indo - 0 Comments - Standard

Three SOE contractors have announced rough guideline for 2015 with PT Pembangunan Perumahan (PTPP) and Waskita Karya (WSKT) aim to secure 25% growth yoy to IDR27.5t and IDR23.37t respectively. More than 50% of the new contracts projected will come from government projects. Meanwhile, Wijaya Karya (WIKA) expect new contract to reach IDR29.7t new contract (+32% […]

Indonesia fuel price UP!

Nov 19, 2014 - Indo - 0 Comments - Standard

Indonesia government has raised domestic fuel price by IDR2,000/lt, or at the lower end of expectation of IDR2000-3000/lt price hike as global oil price has declined in the past few weeks. Effective from 18 Nov 2014, the gasoline price will be at IDR8,500/lt (+31%) and diesel price will be at IDR7,500/lt (+36%). We believe the […]

When the market sulks ..

Nov 18, 2014 - Indo - 0 Comments - Standard

.. that is a great opportunity to start shopping in our opinion. The new cabinet announcement disappointed the stock market, and the 9M14 results are largely uninspiring. Yet we believe Jokowi has established a solid foundation for a new Indonesia that would do wonders to equity values. Key catalysts for a multi-year bull run are […]

Emiten yang sudah mengeluarkan laporan kuartal 3 dan Target Price (RHB-OSK)

Nov 07, 2014 - Indo - 0 Comments - Standard

Berikut adalah beberapa emiten dalam coverage RHB-OSK Research yang sudah mengeluarkan laporan kuartal 3 mereka. Company Code Result Rating Target Price Semen Indonesia SMGR Indofood Sukses’ 9M14 earnings jumped 58% YoY to IDR3trn, driven by higher agribusiness and Minzhong’s earnings, in line with our/street estimates. 3Q14 earnings slipped 14% QoQ to IDR764bn as expected, weighed […]

A first move by Ministry of Public Works and Housing – Water dams development

Nov 06, 2014 - Indo - 0 Comments - Standard

11 dams to be built in 2015. Mr. Basuki Hadimuljono, the new Public Works and Housing minister, revealed its first plan in water dams development. His Ministry plans to develop 11 water dams, where 5 dams’ contract will be signed by end of this year and the rest of the contract will be signed next […]

PTPP: 3Q14: Improvement on higher revenue; Cut to HOLD on valuation

Nov 03, 2014 - Indo - 0 Comments - Standard

§ Earnings up 91% y-y: PTPP recorded 3Q14 net profit of IDR143bn (115% of our 3Q14 estimate), up 91% y-y, accompanied by a higher net margin of 4.5% from 2.4% in 3Q13. In 9M14, PTPP booked net profit of IDR290bn, up 32% y-y, as accounts receivable impairments declined 29% y-y to IDR45bn. The 9M14 results […]

PTPP: think that Jokowi’s administration is very serious on executing the transportation initiatives by putting Mr. Ignatius Jonan at the Transportation Minister post

Oct 29, 2014 - Indo - 0 Comments - Standard

We think that Jokowi’s administration is very serious on executing the transportation initiatives by putting Mr. Ignatius Jonan at the Transportation Minister post. He has a proven track record of transforming PTKAI and executed the US$1bn, 727km Surabaya – Jakarta double track this year. This is positive for the sector and PTPP (BUY, TP Rp2,800, […]

Marketing takeaways construction sector

Oct 16, 2014 - Indo - 0 Comments - Standard

· We had the pleasure to meet with investors in SG and HK last week and came home with a sense that investors were largely in agreement with our view that the positive structural story for the bright outlook in the infrastructure sector remains unchanged. We note, however, it will not be a smooth ride […]

JSMR mempertimbangkan untuk menyerap saham PT Hutama Karya (Persero) dalam investasi proyek pembangunan jalan tol

Oct 14, 2014 - Indo - 0 Comments - Standard

Perusahaan pengelola jalan tol PT Jasa Marga Tbk (JSMR) mempertimbangkan untuk menyerap saham PT Hutama Karya (Persero) dalam investasi proyek pembangunan jalan tol. Pihaknya masih menunggu surat resmi dari Hutama Karya terkait pengunduran diri sebagai investor dal Menurutnya, pembangunan proyek tol sepanjang 61,8 km itu dikerjakan oleh konsorsium BUMN. JSMR memiliki saham sebesar 55% dari […]

PTPP membukukan kontrak baru hingga 3Q14 sebesar Rp12T

Oct 14, 2014 - Indo - 0 Comments - Standard

PT Pembangunan Perumahan (PTPP) membukukan kontrak baru hingga 3Q14 sebesar Rp12T . Perseroan optimistis dapat meraih target kontrak baru sebesar Rp24T. Untuk belanja modal (capex) telah terserap Rp160M dari total anggaran Rp446M. Tahun ini, PTPP membidik perolehan laba bersih mencapai Rp560 miliar hingga Rp600 miliar. Hingga 2018, perseroan memproyeksikan laba bersih dapat mencapai Rp1,7 triliun.

PTPP /WIKA : Bergabung dengan Wika & Pelindo Bangun Pelabuhan

Oct 09, 2014 - General - 0 Comments - Standard

PT PP (Persero) Tbk (PTPP) berencana membentuk anak usaha dengan PT Pelindo I dan PT Waskita Karya Tbk (WIKA). Perusahaan tersebut, akan berada di Bandara Kuala Namu, Medan, Sumatera Utara. Direktur Utama PTPP Bambang Triwibowo menjelaskan, anak usaha tersebut berencana untuk membangun pelabuhan. Saat ini, pelabuhan tersebut sudah masuk dalam tahap penyesuaian izin-izin terkait. “Kita […]

Prabowo’s dominance: Negative political development with PDI-P powerless in the House

Oct 03, 2014 - Indo - 0 Comments - Standard

Negative political development with PDI-P powerless in the House In the first plenary meeting of new parliament members, all key positions in the House were dominated by Prabowo’s Red and White coalition (exhibit 1). Setya Novanto (Golkar) was elected as House Chairman along with four deputies comprised of Fadli Zon (Gerindra), Agus Hermanto (Demokrat), Fahri […]

NEWS 1 October 2014

Oct 01, 2014 - Indo - 0 Comments - Standard

·         RIGS Akan Ekspansi ke Thailand dan Malaysia ·         PGAS Bangun SPBG di Jawa Timur ·         TBLA Siapkan Pembayaran Bunga Obligasi Rp26,25 Miliar ·         HEXA Siapkan Capex USD16 Juta ·         UNTR Proyeksikan Capex 2015 Sebesar USD300 Juta ·         PTPP Lunasi MTN Total Senilai Rp530 Miliar ·         Dividen INKP Rp25/saham dan TKIM Rp10/saham, cum 17 Oktober […]

Asian Games 2018: the game changer

Sep 26, 2014 - Indo - 0 Comments - Standard

Asian Games 2018 in Indonesia: Jakarta, Palembang and Bandung… The past weekend saw several Indonesian government officials including the national sports committee (KONI) and Vice Governor of Jakarta, Basuki Purnama, making a trip to Incheon, Korea to witness the opening games of Asian Games 2014. At the same time, Indonesia has been formally assigned to […]

Construction sector: Temporary headwinds from fuel hike

Sep 25, 2014 - Indo - 0 Comments - Standard

Temporary adverse impact of fuel-subsidy removal on share prices is imminent, but structural reform of higher allocation for infrastructure budget will be positive for sector, raising the government’s capacity to increase its infrastructure budget 1.5x-2x from the current USD17b. Negative sentiment will likely emerge as seen in the past with average share-price correction of 30%-40% […]

Indonesia Investor Summit 2014: Day 2: 16 companies

Sep 24, 2014 - Indo - 0 Comments - Standard

Day 2: 16 companies On the second day of the Indonesian Stock Exchange’s Investor Summit 2014, our research analysts attended all presentations made by the 16 companies (exhibit 3). We list some of the salient and interesting points from the companies’ presentations below: § London Sumatra (LSIP): Benny Tjoeng, the CEO of LSIP, stated that […]

PTPP tengah menjajaki pinjaman senilai Rp420 miliar

Sep 23, 2014 - Indo - 0 Comments - Standard

Untuk mengembangkan bisnisnya, PT Pembangunan Perumahan Tbk (PTPP) tengah menjajaki pinjaman senilai Rp420 miliar. Pinjaman bertenor 3 tahun itu berasal dari bank pelat merah untuk menggarap tol Kualanamu-Tebing Tinggi.

PTPP pada 2015 akan ekspansi bisnis properti hingga ke Australia dengan membangun kawasan residensial dan komersial di Perth dengan nilai investasi Rp1,6-1,7T

Sep 19, 2014 - Indo - 0 Comments - Standard

PT PP (PTPP) pada 2015 akan ekspansi bisnis properti hingga ke Australia dengan membangun kawasan residensial dan komersial di Perth dengan nilai investasi Rp1,6-1,7T. Rencananya akan dibentuk joint venture dimana perseroan sebagai mayoritas 85-90%. Dari domestik, perseroan mendapat proyek pengerjaan ruas tol Medan-Tebing Tinggi yang merupakan proyek konsorsium BUMN dengan total nilai Rp4T.

Panin Sekuritas 17 September 2014

Sep 17, 2014 - Indo - 0 Comments - Standard

IHSG kemarin ditutup melemah meski sempat menguat pada pembukaan. Melemahnya indeks didorong oleh berlanjutnya  aksi jual investor asing serta terus melemahnya nilai tukar rupiah.  Bursa regional Asia dibuka menguat menyusul laporan Bank sentral China mengucurkan stimulus untuk mendukung pertumbuhan ekonomi.  The People’s Bank of Chinamenyediakan dana 500M Yuan atau sekitar USD81,4M kepada 5 bank besar […]

Pejagan – Pemalang toll road acquisition

Sep 15, 2014 - Indo - 0 Comments - Standard

WSKT mengakuisisi 100% PT Pejagan Pemalang Toll Road (PPTR) dari Group MNC. Dalam transaksi senilai Rp300 miliar itu, MNC memiliki call option senilai Rp450 miliar untuk 3 tahun ke depan (17 Agustus) yang setara dengan return tahunan 14% (di luar keuntungan konstruksi). WSKT akan menyediakan seluruh pendanaan untuk proyek tersebut. Perseroan juga berencana menerbitkan obligasi […]

PTPP precast unit eyeing seaport projects

Aug 28, 2014 - Indo - 0 Comments - Standard

PTPP menargektkan produksi beton pracetak sebanyak 228.000 ton tahun ini, yang akan diproduksi oleh pabrik Cilegon dan Sadang. Pabrik Sadang memiliki kapasitas sebanyak 160.000 ton per tahun. Tahun depan, PTPP akan menambah kapasitas pabrik Bakauheni dan Pasuruan. Unit bisnis itu menargetkan kontrak baru senilai Rp1,05 triliun tahun ini, di mana per Juli realisasinya sudah 50% […]

Indonesia Construction: Infrastructure infusion

Aug 28, 2014 - Indo - 0 Comments - Standard

Sector re-rating on accelerated infrastructure growth Following a relatively smooth transfer of power to Jokowi in the making, we are upgrading the 2015-16F performances of the state-owned construction companies under our coverage on the back of accelerated infrastructure-related growth. Additionally, we see upside to the government’s lower 2015F infrastructure budget proposal of IDR169tn (2014 budget: […]

21.4km, US$300mn Depok – Antasari toll road concession may be signed end of this month

Aug 26, 2014 - Indo - 0 Comments - Standard

Pemegang konsesi jalan tol Depok-Antasari adalah PT Citra Marga Nusaphala Persada Tbk (CMNP), PT Waskita Karya Tbk (WSKT), PT Pembangunan Perumahan Tbk (PTPP) dan PT Hutama Karya. Konstruksi kemungkinan akan dilakukan bagi anggota pemegang konsesi, kecuali CMNP. Akuisisi lahan tahap pertama telah mencapai 65% target dan groundbreaking sudah dilakukan sejak Mei 2014. Angka traffic diprediksi […]

Depok-Antasari Toll road will start construction

Aug 19, 2014 - Indo - 0 Comments - Standard

Depok-Antasari Toll road will start construction. The contractors include PTPP, WSKT, and Hutama Karya. The land acquisition progress already reaches 80%. The toll roads already get funding from BIR but the fund can only be disbursed if land acquisitions progress reaches 90%.

Road construction projects Medan-Kuala Namu – Tebing Tinggi toll will be started at the beginning of Sep14 where currently awaiting for approval by the Minister of Public Works

Aug 12, 2014 - Indo - 0 Comments - Standard

Road construction projects Medan-Kuala Namu – Tebing Tinggi toll will be started at the beginning of Sep14 where currently awaiting for approval by the Minister of Public Works. Consortium is consisting of PT Jasa Marga Tbk (JSMR); PT Waskita Karya Tbk (WSKT); PT Hutama Karya and PT Pembangunan Perumahan Tbk (PTPP). The consortium will work […]

PTPP telah mengeluarkan laporan keuangan (belum audit) dengan penjualan pada semester I-2014 sebesar Rp4,6 triliun

Jul 25, 2014 - Indo - 0 Comments - Standard

PP (PTPP) telah mengeluarkan laporan keuangan (belum audit) dengan penjualan pada semester I-2014 sebesar Rp4,6 triliun, naik 10% dibandingkan dengan pendapatan pada semester I-2013 sebesar Rp4,2 triliun. Laba kotor pada semester I-2014 tercatat sebesar Rp537 miliar, meningkat 32% dibandingkan periode yang sama tahun sebelumnya sebesar Rp408 miliar. Marjin laba kotor perseroan pada semester I-2014 naik […]

Kabar duka kembali datang dari dunia penerbangan Malaysia, setelah Kamis sebuah pesawat milik Malaysian Airline MH17 jenis B 777-200 ER diduga ditembak jatuh oleh pasukan Rusia atau Separatis Ukraine dan jatuh menewaskan 295 penumpang diperbatasan Ukraine-Rusia

Jul 18, 2014 - Indo - 0 Comments - Standard

Kabar duka kembali datang dari dunia penerbangan Malaysia, setelah Kamis sebuah pesawat milik Malaysian Airline MH17 jenis B 777-200 ER diduga ditembak jatuh oleh pasukan Rusia atau Separatis Ukraine dan jatuh menewaskan 295 penumpang diperbatasan Ukraine-Rusia dimana ditembak jatuhnya pesawat MH17 memunculkan ketegangan global geopolitik baru terlebih Amerika Serikat baru kembali menerapkan sanksi ekonomi baru […]

PTPP and WSKT 1H14 new contract

Jul 17, 2014 - Indo - 0 Comments - Standard

PT Pembangunan Perumahan Tbk (PTPP) and PT Waskita Karya Tbk (WSKT) 1H14 new contract and PTPP revised. Investor Daily melaporkan bahwa PTPP dan WSKT membukukan kontrak baru, masing-masing sebesar Rp8,4 triliun dan Rp7 triliun. Dalam laporan berbeda, PTPP juga merevisi target laba setelah pajaknya (NPAT) dari Rp520 miliar menjadi Rp600 miliar (naik 15%). Menurut kami […]

Taking a leap of faith

Jul 10, 2014 - Indo - 0 Comments - Standard

The quick count indicates that Jokowi may have won the presidential election but Prabowo has not conceded. Uncertainty may prevail until the official results are announced, expected on 22 Jul. Our view is that the Jokowi win based on the quick count will stand. We expect the market to rally eventually, albeit cautiously at first. […]

Key questions if the surveys are right and Jokowi wins

Jul 10, 2014 - Indo - 0 Comments - Standard

Key questions if the surveys are right and Jokowi wins: 1. How long the honeymoon rally will last? Our view: Three weeks in 2004 when SBY win the election for his first term. Then fundamentals take over. Rising commodity prices continue to push JCI higher to +41% in six months until the negative sentiment from […]

PTPP: Well armoured

Jul 08, 2014 - Indo - 0 Comments - Standard

5M14 new contracts reached IDR6.63t (Unofficial 6M14: IDR8.4t), accounting for 30% (6M14: 40% of 12M14) of our full-year forecast of IDR22t. PTPP will be least affected by the recent government reduction in infrastructure spending, given it has the lowest exposure to government public work projects among other SOE contractors. This, coupled with PTPP having the […]

Rupiah is likely to weaken further and pose a risk to Indonesian macroeconomic stability if the election outcome does not satisfy investors

Jul 08, 2014 - Indo - 0 Comments - Standard

Rupiah is likely to weaken further and pose a risk to Indonesian macroeconomic stability if the election outcome does not satisfy investors. We expect exporters/USD earners and companies with very defensive business to be more resilient under this scenario. Investors that look to hedge against risk of depreciating IDR should BUY into PGAS, AALI, LSIP, […]

TINS will attempt next year to diversify business by exploring property business in Sumatra and Borneo

Jul 07, 2014 - Indo - 0 Comments - Standard

TINS will attempt next year to diversify business by exploring property business in Sumatra and Borneo. TINS will work with state-owned companies in the construction and property business lines namely WIKA, ADHI, WSKT, and PTPP. Looking ahead, TINS will have four business lines consisting of tin main business lines, business lines of non tin (mineral […]

PTPP will allocate Rp230bn (US$20m) capex to build 4 hotels this year

Jun 03, 2014 - Indo - 0 Comments - Standard

Pembangunan Perumahan (PTPP) will allocate Rp230bn (US$20m) capex to build 4 hotels this year. The aim of the move is to increase recurring income. The company will focus on three start hotel with Park Hotel and budget hotel with Pro Hotel. The 4 hotels will be located in Makassar, Lombok, Bali, and Semarang with target […]

Infrastructure project in Sumatra

Jun 02, 2014 - Indo - 0 Comments - Standard

Infrastructure project in Sumatra. Four SOE banks BBRI, BMRI, BBNI and BBTN to fund infra project in eastern coast of Sumatra with BBNI as the leader for syndicated loans. The banks will fund the 1,120km electricity transmition project together with some other regional banks. The project itself is worth US$10tn and 70% of which will be […]

What we like at the moment as news flow is still all about politics

May 23, 2014 - Indo - 0 Comments - Standard

In the last minutes, Golkar Party throw its support behind Prabowo Subianto, making Gerindra led coalition now control more parliament seats vs. PDI-P led coalition. This appears to be taken negatively by market, thus profit taking was seen in JCI after the announcement. While we are increasingly cautious in the near term, our concern is […]

Indonesia construction marketing takeaways

May 19, 2014 - Indo - 0 Comments - Standard

We recently met with over 35 clients in KL, SG, and HK with most of the investors had only invested in WIKA given it has the largest market cap, better liquidity, and proven management track record. Our top pick remains on PTPP as it has the second highest earnings visibility in the constructions sector with […]

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