SSIA 2015 : construction the key success

 Company Analysis

Surya Semesta Internusa (SSI) is run its business in various segments such as real estate, construction, Hotel and industrial estate. Based on its annual report shareholder of SSi comprises Arman Investment Utama (9.55 %), Union Sampoerna (8.75%), Persada Capital Investama (7.85%),Lynas Asia fund (6.87%) and others.

Arman Investment Utama is possibly owned by Mr.AWH, son of the shareholder of Djarum Group and Union Sampoerna is possibly related with Sampoerna family. Two combinations of two strong tycoon families may probably strengthen the access of fund for the company. 

The company owns gran melia hotel in bali island and in kuningan, Jakarta. It is also having the Glodok Plaza at Jakarta, the first modern shopping center In indonesia.

Its subsidiary in industrial estate, Surya Cipta Swadaya, it runs its business in industrial estate at Karawang, SuryaCipta City. It has prominent clients such as Astra International Tbk, PT Isuzu Astra Motor, PT Bekaert Indonesia, PT JVC Electronic Indonesia, PT Bridgestone Tire Indonesia, PT Nestle indonesia and etc. Surya Cipta city is on the 1400 hectare land in Karawang City.

The company is run by former employees of chase manhattan bank, mr. Johanes Suriadjaja as CEO and mr. The Jok Tung as Director. Mr. Johanes may probably relate with Saratoga Investama Sedaya Tbk which is acted as underwriter in IPO of Nusa Raya Cipta, Tbk.

In 2015 the revenue increased 9 % compared to the revenue in 2014. The company was able to increase its revenue although the economic growth was slowing down in 2015. More than 69 % of revenue is achieved by construction segment of Surya Semesta Internusa. The segment which experienced highest growth in 2015 is Industrial estate development. It increased 61 % compared to the segment revenue in 2014.

In 2015 the company was able to improve gross margin in comparison with gross margin in 2014. The infrastructure project of the government may probably advance the income of the company, especially in its construction segment which could create economic scale of construction unit.

The company is also developing the cikopo-palimanan toll road, it has agreement with Jasa Marga Tbk which is as the operator of the Toll-Road,

The company has 1.7 hectare land bank at Tanjung Mas, South Jakarta. Total area of Tanjung Mas Raya residential are 37 hectare. Others land bank are located at Bekasi, Karawang and Subang which are owned by Surya Cipta City.

Based on annual report in 2016, the company targeted new contracts amounting to 4.5 trillion rupiahs. It aims high rise building construction and infrastructure development from the government project.