reports
Moody's upgrades Pakuwon Jati's CFR to Ba1, changes outlook to stable
Moody's Ratings has today upgraded Pakuwon Jati, Tbk. (P.T.)'s corporate family rating (CFR) to Ba1 from Ba2. Moody's has also upgraded the senior unsecured rating on Pakuwon Jati's 2028 bond to Ba1 from Ba2. The bond is unconditionally and irrevocably guaranteed by most of Pakuwon Jati's subsidia...
- Limartha Adhiputra
Pakuwon Jati (PWON IJ) - A Leading Premium Superblock Developer With P...
PWON is the largest superblock developer in Indonesia with prestigious superblock projects in Jakarta and Surabaya. It is optimistic about achieving higher marketing sales in 2023, with a target of Rp1.6t. Revenue is forecasted to grow 5-10% in 2023 with EBITDA margin of 50-60%. PWON targets a 15% yoy growth in 2023 recurring income, supported by higher retail space leased in its malls and higher hotel occupancies. The stock is trading at 10.1x PE and 1.35x P/B with ROE of 10.2%.
- Chong Lee Len
- Heidi Mo Jinghui
- John Cheong Ming Chern
- Limartha Adhiputra
- Tanaporn Visaruthaphong
- Tham Mun Hon
Regional Morning Notes - Monday, June 12, 2023
GREATER CHINA Economics Inflation: Disinflation continues amid falling global commodity prices. INDONESIA Small/Mid Caps Highlights Pakuwon Jati (PWON IJ/NOT RATED/Rp500): A leading premium superblock developer with promising growth. MALAYSIA Sector Telecommunications: 1Q23 review: Results came in broadly within expectations. We prefer fixed over wireless. Top picks are TIME and TM. SINGAPORE Update Marco Polo Marine (MPM SP/BUY/S$0.053/Target:S$0.060): Encouraging times ahead. Upgrade to BUY...
- Limartha Adhiputra
- Maskun Ramli
Moody's affirms Pakuwon Jati's Ba2 ratings; changes outlook to positiv...
Moody's Investors Service has affirmed the Ba2 corporate family rating of Pakuwon Jati, Tbk. (P.T.). Moody's has also affirmed the Ba2 senior unsecured rating on Pakuwon Jati's 2028 bond. The bond is unconditionally and irrevocably guaranteed by most of Pakuwon Jati's subsidiaries. At the same t...
With a more favourable environment, PAKUWON JATI improves to Slightly ...
PAKUWON JATI (ID), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 22, 2022, the closing price was IDR 450....
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