Below is a list with tagged columns and company profiles.

Today's Headlines PP

  • Only One PP Unit to List on the Indonesia Stock Exchange in 2017

    Only One PP Unit to List on the Indonesia Stock Exchange in 2017

    Pembangunan Perumahan (PP), a government-controlled construction company, revised the initial public offering (IPO) plans for its subsidiaries. Originally, the company planned to list three units on the Indonesia Stock Exchange in 2017. However, based on the latest statements of the management of PP, only one unit - PP Presisi - will conduct an IPO before the end of 2017.

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  • Indonesia Stock Market News: Solid Trading Debut PP Properti on IDX

    Indonesia Stock Market News: Successful Trading Debut PP Properti on IDX

    Pembangunan Perumahan Properti (PP Properti), a property developer and unit of state-controlled Pembangunan Perumahan (PP), made a successful listing on the Indonesia Stock Exchange (IDX) today (19/05). Shares of PP Properti soared 35 percent at its trading debut. After Bank Yudha Bhakti (BBYD) and Mitra Keluarga Karyasehat (MIKA), PP Properti (PPRO) is the third Indonesian company to have conducted an initial public offering (IPO) in the Indonesia Stock Exchange (Mitra Energi Persada had relisted earlier in May 2015).

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  • IPO Pembangunan Perumahan Properti on the Indonesia Stock Exchange

    IPO Pembangunan Perumahan Properti on the Indonesia Stock Exchange

    Indonesian property firm Pembangunan Perumahan Properti (PP Properti), which conducts its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month, expects to raise IDR 908.8 billion (USD $69 million) for further business expansion through this corporate action. This figure is much lower than its initial target of IDR 1.57 trillion. PP Properti plans to sell 35 percent of the company’s enlarged capital. The price per share is set at IDR 185 with the offering period between 11 and 13 May 2015.

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  • Pembangunan Perumahan Lists PP Properti on Indonesia Stock Exchange

    Pembangunan Perumahan (PP), an Indonesia-based government-controlled construction and investment company, plans to list its subsidiary PP Properti on the Indonesia Stock Exchange through an initial public offering (IPO). The subsidiary is expected to list 30 percent of its shares on the stock exchange and aims to raise between IDR 1.2 and 1.5 trillion (roughly USD $119 million) through this corporate action. The IPO is planned to be conducted in the first quarter of 2015. The possible lead underwriters are Mandiri Sekuritas and Bahana Securities.

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  • Indonesian Construction Companies Post Strong Growth in 2013

    Indonesian Construction Companies Post Strong Growth in 2013

    Four publicly listed - yet state controlled - construction companies recorded a combined 42 percent growth (year on year) in net profit in 2013. The combined net profit of these four companies - Wijaya Karya (Wika), Adhi Karya, Pembangunan Perumahan (PP) and Waskita Karya - totaled IDR 1.74 trillion (USD $146.2 million) last year. These numbers evidence the robust growth that Indonesia's property and infrastructure sectors experienced in 2013 and is expected to continue in 2014.

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  • Pembangunan Perumahan: Indonesian Building Construction Company

    Pembangunan Perumahan (better known as PP) is a government-controlled construction and investment company in Indonesia. The company's lines of businesses consist of construction services in building and infrastructure, property, engineering, procurement and construction (EPC), as well as investment. PP was the second-largest company in terms of largest net income in Semester I-2013. Being a state-controlled entity, it benefits from the government's increased focus on infrastructure development. 

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Latest Columns PP

  • Indonesian Companies in Focus: Pembangunan Perumahan (PP)

    Indonesian Companies in Focus: Pembangunan Perumahan (PP)

    Corporate earnings of Indonesian state-controlled construction and investment company Pembangunan Perumahan (abbreviated PP) are in line with analysts' forecasts. In the first quarter of 2016, PP's revenue rose 30.6 percent (y/y) to IDR 2.58 trillion (approx. USD $195 million), while net profit rose 5 percent (y/y) to IDR 98 billion (approx. USD $7.4 million) from the same quarter one year earlier. These figures indicate the company experienced a solid start of the year.

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