PremierInsight: Investment value of light rail transit (LRT) will be revised down by Rp1.6tn (vs Rp23.5tn currently)
Thursday, June 22, 2017       09:23 WIB

Download PDF

Investment value of light rail transit (LRT) will be revised down by Rp1.6tn (vs Rp23.5tn currently). The revision is done after negotiation between consultant and transportation ministry. Adhi Karya ( IJ; Rp2,150; Buy) has allocated capex of Rp9tn for the project until Dec 2017. The revision is currently under review by the ministry before officially announced. (Bisnis Indonesia) 
 
 Comment: The revision is not significant enough for the whole project. Maintain BUY on with TP of Rp2,500.  
Sumber : IPS RESEARCH

powered by: IPOTNEWS.COM