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PTPP – Relying on Divestment Realization

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  • Recent Posts
Ajeng Kartika Hapsari
Ajeng Kartika Hapsari
Analyst - Property, Construction
Ajeng Kartika Hapsari
Latest posts by Ajeng Kartika Hapsari (see all)
  • CTRA – Focused in Developing New Cluster in Existing Projects - December 8, 2021
  • PWON – Economic Recovery Boosts Recurring Income - December 1, 2021
  • PTPP – Targeting National Strategic Project (PSN) Contracts - November 22, 2021

PTPP’s performance in 3Q20 was under below expectations. PTPP recorded an income of IDR3.27 trillion (-38.7% YoY, -2% QoQ) and profit of IDR10 billion (-94.2% YoY). Up to September 2020, PTPP new contracts reached 46% of its 2020 target. However, contract acquisition slowed down in 3Q20. PTPP is expected to realize potential assets divestment to gain fresh flow of funds and boost the FY20 and FY21 performance.

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