21.4km, US$300mn Depok - Antasari toll road concession may be signed end of this month. Depok - Antasari toll road concessionaires was the PT Citra Marga Nusaphala Persada Tbk (CMNP, Rp 4.270), PT Waskita Karya Tbk (WSKT, Rp 930, NEUTRAL, TP Rp 600), PT Pembangunan Perumahan Tbk (PTPP, Rp 2.470, BUY, Rp 2.100 TP) and PT Karya Hutama.
Construction will likely be carried out for members of the concession holders, except CMNP. The first phase of land acquisition has reached 65% of target and groundbreaking has been done on May 2014. Traffic figure is predicted to reach 47,000 per day. (Investor Daily)
PT Telekomunikasi Indonesia Tbk (TLKM, Rp 2.690, BUY, TP Rp 2,900) to invest IDR 1 Trillion to the Middle East. The Company plans to invest IDR 1 trillion to expand into the Middle East at the end of 2014, which will begin with a Mobile Virtual Network Operator (MVNO). (Investor Daily)
PT Bumi Serpong Damai Tbk (BSDE, Rp 1.640, BUY, TP Rp 2,000) to expand in Second Semester of 2014. The Company has budgeted capital expenditure (capex) 1.2 trillion for the second semester of 2014. Some of the company's projects in the period that includes the launch of a new cluster in the Grand Wisata Bekasi and Kota Wisata Cibubur, also home and commercial building projects in Manado and Balikpapan. (Kontan)
PT Darma Henwa Tbk (DEWA, Rp 50) targeting the port operator company. This was done to smooth the intention of the company into an integrated mining services company. (Investor Daily)
for Indonesia Market Summaries 22 August 2014
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