NISP Wika obtains Rp4.50tn contracts until mid August (WIKA, Rp580)

Wijaya Karya shared that it has obtained Rp4.50tn in new contracts until mid August from its full year target of Rp10.00tn.

This includes an LPG tube relocation of Pertamina in Tanjung Priok worth Rp268.0bn and the Tayan chemical grade alumina infrastructure project worth US$314.0mn.

WIKA is trading at 2011F consensus PER of 10.1x and EV/EBITDA of 3.8x.