DGIK FR PHILLIP SEC (KK) :
Nusa Konstruksi Enjiniring (DGIK) Bloomberg | Reuters | Poems DGIK IJ | DGIK JK | DGIK ID Industry: Engineering and Construction INVESTMENT MERITS • Total Asset for the year 2012 increased 18.33% to IDR 1.757 tn, compared to year 2011 which amounted to IDR 1.485 tn. • Earnings per share increased from IDR 1.45 in 2011 to IDR 8.6 in 2012. • In 12M-12 Revenue increased 10.65% to IDR 1.216 trillion, from IDR 1.099 trillion. • In 2012, ROA stood at 2.7%, and ROE was at 4.71%. • In 2012, NPM stood to 3.9%, compared to last year which was at 0.79%. • In 12M-12, Net income increased 494% to IDR 47.47 billion from IDR 7.99 billion in 2011. • The company sets 10% - 20% higher target on sales in 2013, compared to last year. INVESTMENT CONCERNS • Construction and civil projects is the biggest contributor to the company's revenue, which means high dependency on construction demands. • The property construction business conditions are relatively more volatile. CATALYSTS • Had new contracts in Bali and Jakarta for hotel construction and Altira Business park project. • In 2013, projects in Kalimantan and Sumatra willl become the main contributors to the company's revenue. • The company will be focusing on implementing minihydro project as one of the main contributors to the company's revenue for the next couple of years. Disclaimer Sent from my BlackBerry®
