PT Gema Grahasarana Tbk is one of Indonesia's leading interior contractors and furniture manufacturers. The company provides a "total solution concept" for customers.
|Industry Sector||Trade, Services & Investment|
|Industry Sub Sector||Others|
|Established||7 December 1984|
|Listed||12 August 2002|
|Listed Company Code||GEMA|
|Major Shareholders (>5%)||Virucci Indogriya Sarana (74.74%)
Tommy Diary Tan (7.50%)
|Key Subsidiaries||Prasetya Gemamulia
Laminatech Kreasi Sarana
Vivere Multi Kreasi
Stock Quote Gema Grahasarana - GEMA:
Gema Grahasarana has three main business lines:
• Interior contracting services and mechanical electrical installation and maintenance services
• Office and furniture manufacturing
• Trading and distribution of office and residential furniture
Per 2015 Gema Grahasarana owns 10 stores (8 in Jakarta, 1 in Surabaya and 1 in Bali). Its clients include Bank Mandiri, Telkomsel, Atmajaya University, Australian Embassy, IKEA, the Wallstreet Institute among others.
The company’s corporate earnings are expected to weaken in 2015 as demand in Indonesia’s property sector (particularly office space) has declined over the past two years due to global uncertainty as well as political uncertainty in Indonesia (in 2014 the country held legislative and presidential elections making investors hesitant to invest). Weaker revenue is also partly caused by higher operational costs (particularly due to minimum wage growth), hence limiting the company’s profitability.
However, amid the country’s macroeconomic growth (which is expected to accelerate from a five-year low of 5.02 percent y/y in 2014) as well as record high (domestic and foreign) investment, the office business in Indonesia has a favorable outlook.
Gema Grahasarana's Financial Highlights:
|Income from Operations||53||59||45||47||55||61|
|Income before Tax||40||44||33||32||37||42|
|Earnings per Share¹||86||90||58||57||61||71|
|Cash Dividend per Share¹|
|P/E Ratio (x)||3.5||4.4||8.1||7.0||5.0||4.3|
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Graha Vivere, 8th Floor
Jalan Letjen. S. Parman No. 6
Jakarta - 11480
Phone: +62 21 536 51588
Fax: +62 21 536 51587