ADHI May 2022

Contact our analyst Revita 45% upside, Buy 12th May 2022 Current price Rp 690 Target price Rp1230 Targetting 20% growth of New ContractsADHI is targeting new contracts in 2022 to grow 15-20%. Our estimate is IDR. 18.2 trillion which is an increase from 2021 new contracts of IDR. 15.2 trillion. As of March 2022, new […]

ADHI July 2022

Contact our analyst Revita 67% upside, Buy 21st July 2022 Current price Rp 735 Target price Rp1230 1H22  new contract jumped 82% YoYAs of 1H22, ADHI has new contracts of IDR 12.2 trillion, up significantly compared to 1H21’s IDR 6.7 trillion, and 67% of our 2022F forecast IDR 18.2 trillion. ADHI’s new contracts come from […]

ADHI October 2022

Contact our analyst Revita 101% upside, Buy 21st October 2022 Current price Rp 610 Target price Rp1230  1H22  new contract jumped 82% YoY9M22  new contracts up 57% YoYAs of 9M22, ADHI new contracts amounted to IDR 18.1 trillion, up by 57.3% YoY. IKN projects contributed IDR 1.4 trillion, mostly from the construction of the IKN […]

ADHI March 2023

Contact our analyst Revita Significant upside, Buy 20th March 2023 Current price Rp 404 Target price Rp810 Targetting 10% growth of new contractsIn 2022, ADHI new contracts amounted to IDR 23.7 trillion, up by 56% YoY. Up to Feb 2023, new contracts are IDR 4,3 trillion or an increase of 35% YoY and consist of […]