PT Pembangunan Perumahan and Mandiri Sekuritas may set initial public offering (IPO) price at level IDR800. The company will raise IDR830.4 billion from IPO.
Formerly, Pembangunan Perumahan offer IPO price at level IDR530-IDR900. The company has road show to Singapore and Hong Kong to lure investors. Foreign investors will get 20 percent at minimum of the total shares of 1.039 billion.
Pembangunan Perumahan in 2010 targets to get IDR13.9 trillion worth of new contracts. The projection of net profit is IDR367 billion or rose 127.95 percent as from IDR161 billion in 2009.
The amount consists of the last year carry over of IDR4 trillion and the rest is new contract worth IDR9.7 trillion.
Pembangunan Perumahan in 2010 targets to get IDR13.9 trillion worth of new contracts. The projection of net profit is IDR367 billion or rose 127.95 percent as from IDR161 billion in 2009.
The amount consists of the last year carry over of IDR4 trillion and the rest is new contract worth IDR9.7 trillion.
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