Profil

Industry Sector Trade, Services & Investment
Industry Sub Sector Others
Established 7 December 1984
Listed 12 August 2002
Listed Company Code GEMA
Listed Shares 320,000,000
Dividend Yes
Major Shareholders (>5%) Virucci Indogriya Sarana (74.74%)
Tommy Diary Tan (7.50%)
Key Subsidiaries Prasetya Gemamulia
Laminatech Kreasi Sarana
Vivere Multi Kreasi

Stock Quote Gema Grahasarana - GEMA:

Business Summary

Gema Grahasarana has three main business lines:

Interior contracting services and mechanical electrical installation and maintenance services
Office and furniture manufacturing
Trading and distribution of office and residential furniture

Per 2015 Gema Grahasarana owns 10 stores (8 in Jakarta, 1 in Surabaya and 1 in Bali). Its clients include Bank Mandiri, Telkomsel, Atmajaya University, Australian Embassy, IKEA, the Wallstreet Institute among others.

The company’s corporate earnings are expected to weaken in 2015 as demand in Indonesia’s property sector (particularly office space) has declined over the past two years due to global uncertainty as well as political uncertainty in Indonesia (in 2014 the country held legislative and presidential elections making investors hesitant to invest). Weaker revenue is also partly caused by higher operational costs (particularly due to minimum wage growth), hence limiting the company’s profitability.

However, amid the country’s macroeconomic growth (which is expected to accelerate from a five-year low of 5.02 percent y/y in 2014) as well as record high (domestic and foreign) investment, the office business in Indonesia has a favorable outlook.

Gema Grahasarana's Financial Highlights:

     2011    2012    2013    2014   2015F   2016F
Net Sales    518    598    658    632    663    729
Gross Profit    129    154    156    161    169    186
Net Income     29     28     19     18     20     23
Income from Operations     53     59     45     47     55     61
Income before Tax     40     44     33     32     37     42
Total Assets    375    429    378    421    440    484
Total Liabilities    261    287    227    254    260    287
Earnings per Share¹     86     90     58     57     61     71
Cash Dividend per Share¹
P/E Ratio (x)    3.5    4.4    8.1    7.0    5.0    4.3
P/BV (x)    0.8    0.9    1.0    0.8    0.5    0.5

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Pefindo

Gema Grahasarana Company Profile Indonesia Investments

Lokasi

Detail Kontak

Graha Vivere, 8th Floor
Jalan Letjen. S. Parman No. 6
Jakarta - 11480
Phone: +62 21 536 51588
Fax: +62 21 536 51587
Email: [email protected]
www.vivere.co.id