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Found this company following the IPO of the maintenance arm of Garuda Indonesia, GMFI - Garuda Maintenance Facility Aero Asia. (which has been a roller coaster since IPO   Big Grin

This company number looks more reasonable at 11.7x P/E only vs >14x P/E for GMFI  Tongue
Invested by SATS (Singapore) few years back. 2 biggest assets are also held by SATS and SIA.. parents multiples at >20x P/E!  Big Grin
(11-11-2017, 08:09 PM)Jun77 Wrote: [ -> ]Invested by SATS (Singapore) few years back. 2 biggest assets are also held by SATS and SIA.. parents multiples at >20x P/E!  Big Grin

Furthermore, this is an Indo assets.. should see more growth coming from this side!  Wink  Wink
Both parents results were driven by associate. is it because of this one?

SATS: 56.5% increase in share of after tax profit from associates / JV
SIA: 33.1% increase in share of after tax profit from associates / JV
Price is picking up guys..  Big Grin
http://www.businesstimes.com.sg/companie...for-growth

'JOINT ventures (JVs) and associates proved a valuable growth driver for groundhandler Sats in its recently reported financial quarter, and this trend will likely continue.'
more tourism in Indo = more flights = more revenue

fundamental is solid but small float might be an issue
Got bali volcano eruption last night.

So far airport still operate as per normal..

http://www.bbc.com/news/world-asia-42070362
For Soekarno Hatta airport (largest airport in Indonesia) 2017 recorded growth of +8% YoY for both number of passengers and plane movement..

awesome!

https://www.cnnindonesia.com/ekonomi/201...tahun-lalu
Price is back to square one while performance remained strong.. time to collect more..  Cool

-vested-
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