Toll Roads | - by Lydia TOISUTA
The main operator of toll roads will be using the momentum of the new land law to reignite construction in seven areas in 2012, which could serve as stock catalysts. Jasa Marga has once again entered the construction phase, potentially handling seven projects in one go. 2012 earnings could be lifted by tariff hikes in Oct 11 and the full operation of new roads. We reduce FY13 earnings on lower net interest while maintaining our DCF TP (WACC 10%).
Source : Listri Adistri
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