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Premier Insight : WIKA, target Rp9.5tn proceed from HSR project that progress projected to reach 60% by end of this year
Friday, July 12, 2019       09:45 WIB

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: Wijaya Karya ( IJ; Rp2,340; Buy) target Rp9.5tn proceed from HSR project that progress projected to reach 60% by end of this year. In addition, from the same project, also expect proceed from its subsidiary, Wika Beton (; Rp590; Buy) at Rp1.5tn. Management aim revenue and net earnings to grow by 35% and 45% yoy respectively by FY19. (Bisnis)
 Comment: This is a good sentiment for . remain our top pick in construction sector given its diverse project and healthy balance sheet (DER: 0.8x). Maintain Buy for with TP of Rp2,700. 

Sumber : IPS RESEARCH

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