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WIKA – Gearing Ratio Level Still Maintained

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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

WIKA recorded 1H21 revenue of IDR6.76 trillion, or down 5% YoY, due to delays from the project owner’s side for some ongoing projects. Meanwhile, WIKA cut the new contract target to IDR35 trillion. However, we see that this year’s achievement will be better with new contracts estimated to go up by 38% YoY. Although the company has issued bonds twice, WIKA’s gearing ratio is still well maintained.

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