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News & Opinions | IPS

Wednesday, September 13, 2017       14:37 WIB
PremierInsight: ASII started to fully operate Jombang Mojokerto toll road.

Astra International (ASII IJ; Rp7,900; Buy) started to fully operate Jombang Mojokerto toll road. Astra has toll road portfolio of 353km. Another toll road Serpong-Balaraja is expected to be completed in 2018. Total investment cost is expected to reach Rp6.0tn. However, the Government has requested to lengthen this toll road by 10km to reach to Maja, a newly develop town. Astra aims to increase its toll road portfolio up to 500km. (Kontan)

Comment: Astra remains consistent with its strategy to invest in infrastructure to diversify away from automotive sector and more stable cash flow from infrastructure. We maintain our Buy call on the company.

 

 

Sumber : IPS RESEARCH


 





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