WSKT Stock Enters LQ45 And IDX30 Index, Waskita Karya Management Targets Projects In The New National Capital

Management of PT Waskita Karya (Persero) Tbk during a visit to the Indonesia Stock Exchange. (Photo: Doc. Antara/Waskita Karya)

JAKARTA - PT Waskita Karya (Persero) Tbk (WSKT) shares are included in the LQ45 and IDX30 indexes. Waskita Karya management immediately assured investors that it would improve sustainable financial performance.

"We are focused on running an operational business armed with business transformation and much better liquidity capabilities," Waskita President Director Destiawan Soewardjono said in a written statement quoted by Antara, Sunday, February 13.

Destiawan did not forget to appreciate the support from the Indonesia Stock Exchange (IDX) regarding the success of WSKT's shares in the LQ45 and IDX30 index lists.

"We really appreciate the support and trust from the capital market community to the company, especially in the process of financial recovery to continue to build a better Indonesia," added Destiawan.

Destiawan also added that the company will continue to be committed to increasing the achievement of new contract values both domestically and abroad. This year, the company is targeting several potential projects in the country, such as the capital city of the New Archipelago, and several foreign projects through Indonesia's G2G cooperation with several countries such as Sudan.

Waskita Director of Finance and Risk Management Taufik Hendra Kusuma said the company also always prioritizes the principles of good corporate governance (GCG) and risk management and involves external parties as business and finance controllers in the process of selecting new contracts to be executed, as a form of implementing risk management principles.

In addition, the company is also continuing the implementation of Waskita's 8 Financial Restructuring Streams through corporate actions to issue bonds and sukuk with government guarantees in the first quarter of this year.

The target proceeds from the issuance of bonds and sukuk is IDR 3.83 trillion and will be used for refinancing and strengthening the company's working capital.

"We hope that the capital market community can always support the company's current and future corporate actions," said Taufik.

Meanwhile, IDX Director of Corporate Valuation I Gede Nyoman Yetna hopes that Waskita can continue to record better and sustainable performance, so as to increase investor confidence in companies whose shares are listed on the Indonesia Stock Exchange.

"IDX is also ready to support Waskita and other listed companies to always provide information, openness, education, and outreach to the public to continue to advance the capital market in Indonesia," said Nyoman Yetna.