KMI Wire and Cable No Longer a Myth

NO LONGER A MYTH

“Darkness cannot drive out darkness: only light can do that. Hate cannot drive out hate: only love can do that.” Martin Luther King Jr.

What’s so beautiful about Jakarta when the moon shine brightly ?, it’s the light. When the lights come out at night, most people finished their activities and then started their leisure time with friends, family, or loved ones.

Life is empty without a light, and we believe that in next few years, we wouldn’t see this kind of beautiful “scenery” in Jakarta alone. People in other cities which currently don’t have electricity access will finally have a “life” a night.

They wouldn’t need to spend their night with candle, listening to grasshooper and owl singing. They would also don’t need to watch the moon and counting the stars anymore.

KBLI has positioned themselves to reap a sweet fruit from Jokowi 35 GW project. We really believe that Jokowi would achieved at least 20.000 MW-25.000 MW by 2019 and delivered the 35.000 MW project by 2020.

With it’s integrity when doing their business, higher portion of medium-high voltage cable, stable Rupiah vs USD, and possibility of recovery in property market in 2018, we optimistic that KBLI will post strong earning growth in 2016 with net income closer to IDR 300 Billion and continue double digit earning growth until 2018-2019.

Finally, as Plato said that

“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.”

We at Sucorinvest Asset Management didn’t afraid of light and for sure, we didn’t afraid to take position in stocks that will benefited from it.