Trimegah (LG)
*INDY BUY TP 4500*
INDY: signed USD108m storage facility agreement with Exxonmobil lubricant Indonesia
INDY, through its subsidiary PT Kariangau Gapura Terminal Energi (KGTE), signed a storage facility service agreement with PT ExxonMobil Lubricants Indonesia on 12 April 2018. KGTE will build, own and operate a terminal to store and deliver fuel products and associated services in East Kalimantan, for the exclusive use of ExxonMobil. The contract will be valid for 20 years, with an option for a 10-year extension, with estimated project cost of USD108 million. The preparation is expected to start in the second half of 2018. Source: Company's disclosure
Comment:
*INDY would receive potential additional revenue of USD5.4mn/year for 20 years. This is positive for INDY. We have a BUY for INDY with TP 4,500/sh.*
( sandro.sirait@trimegah.com)
Komentar
Posting Komentar