PT Nusa Raya Cipta Tbk (NRCA), a construction services company, is eyeing a project worth Rp 7.6 trillion in 2014.
Based on information disclosure to Indonesia Stock Exchange (IDX), the contract work is from carry-over contract of Rp 3.9 trillion, from the original plan of acquisition of new contract worth Rp 3.7 trillion.
To achieve the target, the company has prepared around Rp 45 billion for the purchase of heavy equipment for construction.
The company has been awarded a new contract of around Rp 4.6 trillion in January-December 2013. The new contract is up 70.3 percent compared to the company’s new contract obtained in January-December 2012 of Rp 2.7 trillion.
The projects obtained by the company include Crowne Plaza Hotel in Bandung. Area Plant 4 PT Astra Honda Motor in Karawang, Ciputra World 2, Pantai Indah Kapuk Avenuye, and Parahyangan Residences in Bandung.
In addition, the company is working on projects in Soho @ Podomoro City Jakarta, Tentrem Hotel in Yogyakarta, Indigo Hotel Seminyak in Bali, Cikampek-Palimanan section 5 and Ayana Residence Bali.
The Company also works on large-scale commercial building projects such as Sofitel Luxury Hotel Nusa Dua Bali, All Season Hotel Thamrin, Mas XL Batam Factory, Mayapada Lebak Bulus Jakarta Hospital, Rimba Bali Hotel, and Nestle Karawang Factory.
In stock trading Friday (21/3/2014), NRCA shares rose 1.04% to the level of Rp 970 per share. The transaction value is Rp 6.2 billion.
(Agustina Melani) (source: http://bisnis.liputan6.com/read/2026058/nusa-raya-cipta-incar-kontrak-rp-7-triliun)
JAKARTA. PT Nusa Raya Cipta Tbk is the 15th issuer listed in Indonesia Stock Exchange (IDX) this year. Issuers listing their shares starting today (27/6) opened at Rp 1,000 per share.
Shortly after the opening of trading session I, shares of issuers coded NRCA was immediately pushed to the level of Rp 1,270 or up 27% compared to the opening price. Meanwhile, NRCA shares had traded at the lowest level at Rp 1,000 and occupied the highest position of Rp 1,270.
While the frequency of transactions occurred as much as 32 times, with a volume of 2,411 lots and total transactions amounting to Rp 1.5 billion. Of course, the NRCA offers a guaranteed public offering (IPO) worth Rp 850 per share. That is, Nusa Raya can get funds from the IPO worth Rp 260.10 billion.
The IPO price is at a median price, from the initial offering price of Rp 750-Rp 900 per share. IPO proceeds will be used for expansion. The details, 75% to submit working capital construction. Such as, finance the construction project of Cikampek-Palimanan toll road, which is planned to operate in June 2015.
In addition, the company will also finance commercial building projects such as Parahyangan Residence Bandung. The remaining 25% of the IPO proceeds will be used for capital expenditure. Like, buying heavy equipment to support Nusa Tenggara’s business in infrastructure.
Source : http://investasi.kontan.co.id/news/perdana-di-bursa-saham-nusa-raya-melompat-27
Jakarta, GATRAnews – Construction services company, PT Nusa Raya Cipta Tbk (NRC) targets new contracts to reach Rp 2.9 trillion by year-end. Meanwhile, until April 2013 itself, The acquisition of a new contract amounting to Rp 1.6 trillion.
“The acquisition contract in April was up 87.6% from the previous year’s earnings,” said NRC President Director Hadi Winarto Christanto, in Jakarta on Tuesday.
He explained that the company has the remaining contract from last year (carry over) amounting to Rp 2.3 trillion. If coupled with this year’s target, the contracts obtained by the Company until the end of this year will reach Rp 5.2 trillion.
He specifies that the projects to be signed are Ciputra World II project amounting to Rp 560 billion, Parahyangan Residence worth Rp 260 billion, and Sahid and Sudirman office buildings worth Rp 296 billion.
“In addition, we have also signed an infrastructure project with a joint operation (KSO) with Malaysian company PT Karabha to work on the Cikampek-Palimanan toll road with a contract value of Rp 7.7 trillion,” he said.
Initial Public Offering PT. Nusa Raya Cipta1 – 4 Juni 2013
Construction services company PT Nusa Raya Cipta allocates most of its initial public offering (IPO) fund for construction work capital.
The management of the company, led by Hadi Winarto Christianto, mentioned that about 75% of the proceeds from the IPO will be used to strengthen working capital construction. The use of working capital is 20% for Ciputra World II project financing, 10% for Parahyangan Residence project financing, and 45% for financing the Cikampek-Palimanan toll road project. “The remaining 25 percent will be used for capital expenditure, which is to purchase new heavy equipment to support our infrastructure business, particularly for the Cikampek-Palimanan toll road,” he said in a prospectus published on Thursday (5/30/2013).
Furthermore, the company mentioned a number of equipment such as excavator, dump truck, bulldozer, motor grader, sheep foot roller, vibratory roller, water tanker, concrete pump, concrete paver finsher and other auxiliary equipment. The Company did not mention the funding target and the initial price range in the prospectus. However, based on records Business, subsidiary Surya Semesta Internusa is eyeing the acquisition of fresh funds from IPO Rp300 billion.In the corporate action, the company has appointed PT Ciptadana Securities as underwriter.
Source : http://www.bisnis.com
One of PT Surya Semesta Internusa Tbk (SSIA) subsidiaries engaged in general contractor services, PT Nusa Raya Cipta (NRC) is currently preparing to become a public company. Initial public offering (IPO) is scheduled to be in 2013. In today’s statement, the company will release some of its subsidiary shares to strategic investors through an IPO mechanism, with the number of shares issued between 20-30 percent of the share capital NRC. The book that will be used to implement the IPO is the end of December 2012. The reason for the company to release some of its subsidiary’s shares is due to see the positive growth prospects of construction services this year.
Earlier this year, the NRC won a new contract of Rp700 billion, while the total new contracts reached last year reached Rp2.5 trillion. From last year’s new contract, the company expects to book revenues of Rp2 trillion, up 26 percent from the previous year. Projects currently underway by the NRC include Ciputra World II Project Apartment in Mega Kuningan, Cikampek Palimanan toll road project along 116 km (km) with a value of Rp7.7 trillion. In this toll road project, NRC conducted a joint operation with PT Karabha Griyamandiri. This project will begin work this month and its completion is estimated to take 30 months. While a number of projects to be completed this year, including Mayapada PKV Hospital, Jakarta; The Rimba Hotel jimbaran, Bali; Malang City Point, Malang; Grand Metropolitan, Bekasi and Crowne Hotel, Bandung.