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WIKA: Roadmap To 2018 with TP 2,450
22 Feb 2018


Roadmap to 2018

In 2018, WIKA has released 2018F guidance with total new contract target of Rp57.2 trillion or a 35% YoY increase.In 2017, the company managed to secure Rp42.4 trillion worth of new contract (accounting for98.2% of its target). The management is confident to achieve 2018F target from the government’s sustainable infrastructure project in dam irrigation, toll road& bridge projects located in outside Java and East Indonesia.We maintain our BUY call to the stock with target price at Rp2,450/share.

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