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Sector Shareholders
Basic Industry & Chemicals 60% Waskita Karya 40% Public
Line Of Business
1 2
Construction Services
Operational Area
73 Batching Plants
2019
Government is targeting a 30% of
precast concrete uptake in
national infrastructure projects
40 mn tons
Highlight
Revenue 4% yoy
Positive OCF Ahead
IDR2.6 tn
1
Operational Efficiency
4 5
Strategic Plant Locations Gradual Increase in Production Capacity
Faster Order Book Burn Rate
Order Book Burn Rate
i.e. Revenue to Order Book Ratio
Q3 2018:36%
Q3 2017:23%
Market Cap.
PER (x) PBV (x) ROE (%) Yield (%)
(IDRbn)
BUY
RECOMMENDATION RECOMMENDATION RISKS
1. Lower New Order Book
Achievement
2. Delayed Term Payment
34% 3. Significant Increase in Gearing
Ratio
4. WSKT’s conservative decision to
CURRENT PRICE: IDR 390 hold back some projects
TARGET PRICE: IDR 521
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