WIKA: Roadmap To 2018 with TP 2,450
22 Feb 2018
PT WIJAYA KARYA (PERSERO) Tbk
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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