This month ( January 2010 ) PT. Pembangunan Perumahan or PT. Housing Development Public Company or PT. PP will launch their IPO ( Initial Public Offering ), start in February 1st until February 3rd, 2010.
It will on the Indonesia Stock Exchange board in February 8th.
The company highlight as follows :
Work field : Construction services ( High rise buildings ), Infrastructure ( Harbor, bridges, toll road, power plant, dam ), and Property ( Business center, Apartments, offices, housing, Hotel ).
Place : East of Jakarta, Indonesia.
Head office : Plaza PP - Wisma Subiyanto building, Jl. Letjend. TB. Simatupang no. 57, Pasar Rebo, Jakarta 13760 - Indonesia.
Telp. no. : 021 840 3883 (hunting); Facsimile : 021 840 3890
Website : www.pt-pp.com
The company have : 3 Operation division office and 8 Branches
Subsidiaries : PT. PP - Taisei Indonesia Construction, PT. Mitracipta Polasarana, PT. Citra Waspphutowa
Underwriter : PT. Mandiri Sekuritas, PT. Danareksa Sekuritas and PT. DBS Vickers Securities Indonesia
Amount of stocks : 1.038.976.784 Regular stock on name B series or 21, 46 % equivalent
It will use for : 59 % for investment and 41 % for working capital
Construction contract for 2010 : Rp. 3,6 Trillion ( on going ) and Rp. 13 Trillion ( new contracts )
Stock holder structure : Indonesia Government = 51 % and Public = 49 % ( included 39 % for PP's employees )
Financial Report ( Audited ) :
Balance sheets :.........................................July 31, 2009....................................31-12-2008
Total current assets...............:.Rp......3.421.083.503.248.................Rp......2.651.547.481.629
Total Non current assets.......:.."............168.710.197.891..................."...........131.583.960.011
Total current liabilities..........:.Rp......2.973.295.993.240..................Rp......2.101.078.103.097
Total Non current liabilities..:.."............210.892.838.831..................."...........257.175.584.713
+/+
Total Equity..........................:.Rp.........405.604.869.068..................Rp........424.877.753.830
Income statement :
Revenue.................................:.Rp.......1.893.079.349.181..................Rp......3.933.668.883.068
Cost of sales...........................:.."........( 1.755.709.671.765 )................".......( 3.648.308.989.237 )
Profit joint operation.............:.."...............33.174.941.294.................."..............66.594.142.641
Operating expenses : Rp.
Employees..............................:.Rp..........( 40.069.371.676 )...............Rp.........( 63.523.463.453 )
General...................................:.."............(..11.921.181.047 )................."...........( 16.951.061.315 )
Depreciation...........................:.."............(......637.544.163 )................."...........(...1.070.622.448 )
Marketing...............................:.."............(....1.975.649.207 )................"...........(...2.547.646.282 )
Other income (expenses)........:.Rp...........( 46.716.803.970 )...............Rp.........( 89.106.785.730 )
Income taxes.........................:.Rp............( 48.365.653.409 )................"...........( 57.145.013.728 )
Net income :..................:.Rp..........20.858.415.238...........Rp.......121.609.443.516
Public Accountant : RWR - Reza, Wahono & Partner - Clarkson Hyde Int'l
Appraisers : PT. Actual Kencana Appraisal
Legal Consultants : Jusuf Indradewa & Partners
Notary : Imas Fatimah SH.
Securities Administration Bureau : PT. BSR Indonesia
Estimate profit in 2010 : 120 % from 2009
Price per share : Rp. 560,- ( tested last week ). Note : US$ 1,- = Rp. 9.300,- (Approx.)
Finished Project samples as below :
Telp. no. ( from outside Indonesia ) : 62 21 8403883 (hunting)