- One of Japan's largest general trading company, Marubeni Corp., took coal company PT Indika Energy Tbk (INDY, Rp3.700), Korea Midlane Power Corp., and Korea Samtan project to build a 1,000-megawatt power plant in Tanjung Jati, Cirebon.
Projects with investment worth U.S. $ 1.5 billion to U.S. $ 2 billion done by forming a consortium of four companies named Cirebon Electric Power. (Investor Daily). - Bumi Plc agreed to release their stake in PT Bumi Resources Tbk to Bakrie Group for U.S. $ 501 million. This value was claimed to be more expensive than its book value. (Bisnis Indonesia)
- A German multinational petrochemical company, Ferrostaal Industrial Projects GmbH, invites PT Chandra Astri Petrochemical Tbk (TPIA, Rp2.675), a company owned by Indonesian tycoon Prajogo Pangestu, to build a petrochemical plant. The factory located in Bintuni Bay, West Papua, was worth U.S. $ 1.8 billion or equivalent to Rp 15,25 trillion.
In the other article, petrochemical prices in late June reported by Inaplas up 2.6% to U.S. $ 1,312 per metric ton which is the first increase since the beginning of the year due to the U.S. and European economies began to improve. (Kontan) - PT Wijaya Karya Tbk (WIKA, Rp2.250, NEUTRAL TP: Rp2.200) plans to increase the share of ownership in the joint venture in Myanmar up to 40% within the next 3 years. Currently, the company only has 10% share of the capital investment of U.S. $ 20 million.
The composition of these shares will be split between Wika and PT Wika Beton, 50% respectively. Thus, the company will increase capital investment 4 times the initial capital to get stake' percentage up to 40%. The funds will be used to increase the stock comes from internal cash. (Bisnis Indonesia) - PT Holcim Indonesia Tbk (SMCB, Rp2.675, SELL, Rp 3,000) to prepare initial production of Tuban I plant with a capacity of 1.7 metric ton in August. SMCB hopes the plant can produce 850,000 tonnes at the start of production, half of the total capacity. Early next year, the plant will produce a maximum capacity of 10 metric tons per year.
SMCB will start preparing to develop Tuban II plant with a capacity of 1.7 metric tons which will be completed by 2015 and will cost U.S. $ 800 million. (Kontan)
Showing posts with label PT Wijaya Karya Tbk. Show all posts
Showing posts with label PT Wijaya Karya Tbk. Show all posts
Friday, July 19, 2013
Indonesia Market Summaries 19 July 2013
The feasibility study of Sunda Strait Bridge Project involving five SOEs contractors
The feasibility study of Project of Sunda Strait Bridge (SSB) / Jembatan Selat Sunda (JSS) will involve five SOEs contractors.
They are:
SOE Minister, Mr Dahlan Iskhan said that the five contractors are still waiting for the official designation from the government and hope there will be more state-owned enterprises that will support the project consortium which will work closely with project managers, PT Graha Banten Lampung Sejahtera. The government assessed that the decision to lead the project is still at discussion stage.
for Indonesia Market Summaries
They are:
- PT Adhi Karya Tbk (ADHI)
- PT Hutama Karya (HK)
- PT Wijaya Karya Tbk (WIKA)
- PT Waskita Karya Tbk (WSKT
- PT Pembangunan Perumahan Tbk (PTPP).
SOE Minister, Mr Dahlan Iskhan said that the five contractors are still waiting for the official designation from the government and hope there will be more state-owned enterprises that will support the project consortium which will work closely with project managers, PT Graha Banten Lampung Sejahtera. The government assessed that the decision to lead the project is still at discussion stage.
for Indonesia Market Summaries
Thursday, June 13, 2013
Wijaya Karya Earn 6 trillion New Contract
PT Wijaya Karya Tbk (WIKA) has received a new contract worth up to Rp 6 trillion in May 2013, or 28.90% of the target of a new contract this year Rp20, 76 trillion.
Corporate Secretary of Wijaya Karya, Natal Argawan Pardede said that the biggest contribution to a new contract in May 2013 contributed from the construction of buildings such as terminal, hospitals and other amounted to Rp 2,5 trillion.
"The contract is not included the company's subsidiary such as PT Wika Beton and PT Wika Realty," he said during a press conference in Jakarta, Wednesday (12/06/2013).
One of the new contract is Engineering, Procurement, Construction and commissioning (EPCC) of new condesate and diesel tanks of British Petroleum Ltd (BP) with a contract value of USD 39.82 million.
The Company also obtained the Cilacap Coal Plant Project, PDAM Sunggal project, Miangas airport construction project, construction on the north side of New Samarinda Airport project, and Wain Dam advanced project development.
In addition, the company also have road construction of Ram 3 and KM 13 Kariangau, Simpang Air Hitam flyover construction projects, emergency repair process of Merapi eruption, Upper Bengawan Solo project and Brebes murky river management project.
for Indonesia Market Summaries 13 June 2013
Corporate Secretary of Wijaya Karya, Natal Argawan Pardede said that the biggest contribution to a new contract in May 2013 contributed from the construction of buildings such as terminal, hospitals and other amounted to Rp 2,5 trillion.
"The contract is not included the company's subsidiary such as PT Wika Beton and PT Wika Realty," he said during a press conference in Jakarta, Wednesday (12/06/2013).
One of the new contract is Engineering, Procurement, Construction and commissioning (EPCC) of new condesate and diesel tanks of British Petroleum Ltd (BP) with a contract value of USD 39.82 million.
The Company also obtained the Cilacap Coal Plant Project, PDAM Sunggal project, Miangas airport construction project, construction on the north side of New Samarinda Airport project, and Wain Dam advanced project development.
In addition, the company also have road construction of Ram 3 and KM 13 Kariangau, Simpang Air Hitam flyover construction projects, emergency repair process of Merapi eruption, Upper Bengawan Solo project and Brebes murky river management project.
for Indonesia Market Summaries 13 June 2013
Wijaya Karya's Net Profit Raised 65% in First Quarter of 2013
Government-owned construction company, PT Wijaya Karya Tbk (WIKA) posted a net profit growth of 65% in the first quarter of 2013 to Rp 157 billion from the same period last year.
President Director of Wijaya Karya, Bintang Perbowo said that the achievement was contributing 28% of total net income target this year amounted to Rp 555 billion. According to him, the acquisition of new contracts by March 2013 recorded Rp 4,68 trillion or has reached 22.54% of the target of the new contract in 2013 worth Rp 20,76 trillion.
The company expects the acquisition contract combined with the carry-over of last year amounted to Rp 38,87 trillion, up 21.15% of 2012 realization.
Several projects that have been acquired by the company among others are The Expansion and Development of Terminal 3 Ulimate Soekarno-Hatta Airport Rp 1,79 trillion, Trass & Limestone Handling System project Rp 46,6 billion, and a number of other projects.
for Indonesia Market Summaries 13 June 2013
President Director of Wijaya Karya, Bintang Perbowo said that the achievement was contributing 28% of total net income target this year amounted to Rp 555 billion. According to him, the acquisition of new contracts by March 2013 recorded Rp 4,68 trillion or has reached 22.54% of the target of the new contract in 2013 worth Rp 20,76 trillion.
The company expects the acquisition contract combined with the carry-over of last year amounted to Rp 38,87 trillion, up 21.15% of 2012 realization.
Several projects that have been acquired by the company among others are The Expansion and Development of Terminal 3 Ulimate Soekarno-Hatta Airport Rp 1,79 trillion, Trass & Limestone Handling System project Rp 46,6 billion, and a number of other projects.
for Indonesia Market Summaries 13 June 2013
Subscribe to:
Posts (Atom)