Friday, July 5, 2013

Indonesia Market Summaries 5 July 2013

ADHI Beton, concrete unit of PT Adhi Karya Tbk (ADHI, Rp2.975, BUY, TP Rp4.200) intended to be used as a separate subsidiary by its parent. The business units targeting income of Rp600 billion and EBIT income of Rp67 billion this year, including precast frame order of SOE monorail project.
ADHI intends to build third concrete plants in the next 3 years with an investment of Rp149 billion so ADHI Concrete predicted to increase its revenue to its parent by 20% for the next 5 years. (Investor Daily)

PT BPD Jabar Banten Tbk (BJBR, 1,200, NEUTRAL, TP Rp1.300) plans to acquire PT Asuransi Staco Mandiri.The maximum value being offered by BJBR for this general insurance owned by Yayasan Kesejahteraan Bank Mandiri Dua and several other pension fund is Rp. 100 billion. (Kontan)

PT Kawasan Industri Jababeka Tbk (KIJA, Rp345) officially operate their first power plant in Jababeka. Electricity will be sold to PLN worth Rp1.050/kWh for 20 years, so the sale of electricity will generate revenue for KIJA Rp900 billion per year. Fuel gas is supplied by Pertamina EP and PT Perusahaan Gas Negara Tbk (PGAS, Rp5.750).
KIJA also plans to develop their Power Generation business, including supply to Tanjung Dimples and Cilegon. (Kontan)

PT Ciputra Development Tbk (CTRA, Rp1.150) targeting sales of 500 billion from several launch of new projects in the quarter III/2013. Several projects were launched are four residential in Batam, Cirebon, and Pontianak, each targeted Rp100 billion. A total of 160 apartment units in Ciputra World predicted can also donate of Rp. 100 billion. (Bisnis Indonesia)

for Indonesia Market Summaries 5 July 2013

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