Jasa Marga (Persero) Tbk (PT): Potential for renewed lockdowns and continued regulatory uncertainties are credit negative
More lockdowns would curtail the increasing traffic volumes on Indonesia's roads, thus affecting Jasa Marga's recovery.PT Jasa Marga (Persero) is engaged in the technical planning, construction, operation and/or maintenance of toll roads; organizing the land in toll road area (Rumijatol) and the land aside on Rumijatol using for rest areas and provision of services including facilities and other business operated either separately or in cooperation with other parties; and performing other activities and businesses. In addition, Co. manages other business activities through its branch and subsidiaries, which include management of the rest areas on the highway and gas station. As of Dec 31 2014, Co. operated 26 toll roads.
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