Wijaya Karya (WIKA IJ; Rp2,420; Buy) booked a new Rp200bn contract for MRT station construction in Taiwan as per April 2019. This contract is only covering 4 out of total 12 MRT stations, therefore company see opportunity to book another Rp500bn for the remaining 8 stations. Moreover, WIKA also eyeing a bridge project in Serawak, Malaysia (WIKA portion at 40%) with estimated project value at Rp1.7tn. WIKA projects to booked Rp1.5-2tn contract from overseas as of 1H19. (Bisnis Indonesia).
Comment: WIKA remains one of our top pick in the sector, following its continuous addition of new contracts, including some overseas contracts in Algeria, Malaysia, Dubai and Taiwan.
powered by: IPOTNEWS.COM
Previous Page
