• Elnusa’s (ELSA) management stated that the company has no plan to divest its stake on PT Margaraya Jawa Tol (MJT), a Waru – Tanjung Perak toll concession holder. Elnusa currently has 16.87% stake on MJT while its previous shareholder, Tridaya Esta, controls 36.92% stake on MJT.
• It is reported previously that Duta Graha (DGIK, Rp100), Jasa Marga (JSMR, Rp1,970, Buy) and PT PP (PTPP, Rp700) plans to increase their stake on MJT. Jasa Marga plans to be the major shareholder with 55% stake, while DGIK and PTPP might controls 25% and 20% stake, respectively.
• ELSA is trading at 2010F consensus PER of 12.5x and EV/EBITDA of 5.5x.
Tidak ada komentar:
Posting Komentar