PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.
PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.
PUBLIC EXPOSE - Indocement Tunggal Prakarsa, PT.
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Market outlook<br />
• In the last four months of 2009 domestic demand was robust and rebounding.<br />
By having positive rebound on the latest domestic cement consumption, we<br />
forecast domestic demand to grow by 6% in 2010<br />
• Current and continuing benign inflation outlook, low interest rate and stable<br />
currency environment are the key drivers to boost the construction activities<br />
• The housing shortage is still one of the catalyst for cement demand. The<br />
Indonesian Real Estate Association estimates Indonesia needs 800,000<br />
houses a year to cater to the 4 million net increase in population.<br />
• Strong consumptive nation, e.g half of population is at age 25 years or below,<br />
along with fast growth urbanization<br />
• The trend of a stronger residential market than the infrastructure or high-rise<br />
building still continues in 2010, but we expect some higher proportion of bulk<br />
cement (about 25~30%) after the Governmental infrastructure projects are<br />
executed<br />
• Continuing IDR appreciation will help costs of production structure since more<br />
than 60% costs in USD equivalent<br />
17
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