Consistent and Stellar Growth in New Contracts
Compared to other State-Owned Enterprises (SOEs) construction, PTPP’s new contract growth figures of 20%-30% since 2015 turned into the most stable growth. In 11M17, it succeeded to register new contracts amounting to IDR37.6 trillion, a short fall than the estimated new contract of IDR40 trillion. We project likely ramping up figures so that it will likely register growth topping 23%.
The consistent double-digit growth in new contract was attributable by its diversified-based contracts standing in contrast to ADHI and WIKA’ giant projects-based contracts, namely light rail transit (LRT) and high speed railway (HSR). Meanwhile, toll roads-based contracts are WSKT’s main focus.
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