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Premier Insight : According to KPPIP, as of October 2018 there are two new National Strategic Project (PSN) being comepleted
Thursday, October 11, 2018       10:09 WIB

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Infrastructure sector: According to KPPIP, as of October 2018 there are two new National Strategic Project (PSN) being comepleted, which cumulated to 32 PSN ytd. The two new projects are Railway project Prabumulih-Kertapati (South Sumatera) and Raknamo dam in NTT. KPPIP targets 66 projects completion and 93 projects commencing operation by 3Q19.
Comment: Despite land acquisition problem and project tender delays, we believe the development of infrastructure in Indonesia is still growing rapidly. is our top pick in contruction sector given its strong balance sheet and new contract performance. Maintain Buy on with TP of Rp2,900.

Sumber : IPS RESEARCH

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