Based on the results of research of PT Bahana securities, PT Danareksa securities and PT Mandiri Securities as guarantors of implementing emission effects of an IPO (Initial Public Offering/IPO) shares of PT PP Precision Tbk (PPRE) the largest rental company of civil construction and building structure in Indonesia it is estimated to record a net profit margin of 8%-10% in 2017.
The highest achievement when compared with the average of other construction company which is about 4%-7%. Net profit will be achieved around Rp132-PP Rp182 billion at the end of the year 2017, an increase of 220% compared to the same period in 2016.
Subsidiary of PT PP (Persero) Tbk (PTPP) has a portfolio of projects across Indonesia and have competence in civil construction work or building structures with international standards.
The civil construction work and the structure of the building contribute about 80% of the income of the company. "As a public contractor companies that have largest heavy equipment in Indonesia, the profit margin effect PP Precision will be much better. If the average contractor that the net profit margin of around 4%, a margin of PP Precision are 10%, .
Bahana securities, Danareksa securities, and Mandiri Securities also forecast a net profit margin of PP Precision would remain in the top 10% by 2018. The performance of the company's net profit was supported by a astonish income forecast to reach Rp1,6 trillion in 2017, grown 340% compared to the same period last year. The broad market share and heavy equipment support totaling more than 1,500 units of leading brands, such as Komatsu, Caterpillar, Liebherr, Hino, Sakai, and Kobelco became the company's competitive advantage.
This year, the company is targeting a new contract about Rp5 trillion comes from a wide range of projects, such as highways, bridges, wharves, airports, buildings, civil work and the structure of the building. As per July 31, 2017, PP Precision has gained new contracts amounting to Rp2,5 trillion. Plus the carryover last year amounted to Rp 4,9 trillion, meaning the company is currently working on projects worth a total of Rp10 trillion.
Financial Report
Financial Report
|
|
2015
|
2016
|
31 July 2017
|
|
Assets
|
378.545
|
1.066.389
|
3.355.267
|
|
Revenue
|
223.113
|
371.236
|
441.050
|
|
Equity
|
94.656
|
211.946
|
1.253.508
|
|
Liability
|
283.889
|
854.443
|
2.101.758
|
|
Net income
|
71.306
|
95.222
|
128.231
|
NB: In million Rupiah
