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19 October 2020 (closed)
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PT Pembangunan Jaya Ancol Tbk is an Indonesia-based company engaged in the development of real estate and consulting services for the planning and development for tourist and hospitality sites. Its recreational area in North Jakarta is the capital's number one tourist destination. The company also entered the meeting, incentive, conference and exhibition (MICE) business by establishing the Ecovention function hall.
|Industry Sector||Trade, Services & Investment|
|Industry Sub Sector||Tourism, Restaurant and Hotel|
|Established||10 July 1992|
|Listed||2 July 2004|
|Listed Company Code||PJAA|
|Major Shareholders (>5%)||Regional Jakarta Government (72.00%)
Pembangunan Jaya (18.01%)
|Key Subsidiaries||Taman Impian Jaya Ancol
Sarana Tirta Utama
Stock Quote Pembangunan Jaya Ancol - PJAA:
Pembangunan Jaya Ancol is engaged in three business segments:
Recreation: the company manages a 552 hectare-sized area in North Jakarta encompassing three theme parks - Dunia Fantasi (Dufan), Atlantis Water Adventure, and Ocean Dream Samudera. In 2014 it introduced the indoor Dunia Fantasi concept (with events such as Ice Age and Hello Kitty Adventure). Revenue from the recreation business accounts for around 66 percent of the company's total revenue.
Property Development: the company is engaged in the property sector through several residential clusters, namely Marina Coast, D’Cove, Coastavilla, Puri Marina Ancol Town House, Northland Apartment, and Jaya Ancol Seafront.
Trade & Services: the company manages an art & handicraft center and a culinary area (with well-known restaurants such as Talaga Sampireun, Jimbaran, Bandar Djakarta, and Segarra). It also owns the Candi Bentar Convention Hall and Ecovention building.
Perhaps Dufan (fantasy world) is the company's most well-known attraction, located in North Jakarta. In 2014, Dufan attracted 2.06 million visitors, up from 1.91 million in the preceding year.
Starting from mid-2015, Seaworld Ancol reopened, but this time Pembangunan Jaya Ancol manages the attraction (not a third-party), implying that revenue from this attraction will rise significantly.
Strengths & Opportunities:
• Due to its proximity to the sea, the company can expand through land reclamation
• Jakarta has a large and young population with relatively high per capita GDP
• There are few recreational areas available in Jakarta; Ancol is Jakarta's top tourist destination
Weaknesses & Threats:
• The company is only focused on the Ancol area
• Increased competition from other property developers in North Jakarta's coastal area
Pembangunan Jaya Ancol's Financial Highlights:
|P/E Ratio (x)||9.1||12.1||11.1||9.5||8.4|
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Pembangunan Jaya Ancol Annual Report 2015 & Pefindo (06/05/2016)
Stock Performance Pembangunan Jaya Ancol (PJAA) versus Jakarta Composite Index (JKSE):*
* normalized stocks, 1 January 2015 = 100
Ecovention Building - Ecopark
Jalan Lodan Timur No. 7, Taman Impian Jaya Ancol
Jakarta - 14430
Phone: +62 21 645 4567
Fax: +62 21 645 2986