JSMR – Positive outlook due to increased traffic

JSMR – Positive outlook due to increased traffic Jasa Marga (JSMR) expects to experience positive performance growth this year, due to continued infrastructure development and higher traffic. The upcoming transfer of 32 unfinished toll roads to the new government, will not significantly impact JSMR's operations. With upcoming toll rate adjustments and improved connectivity, JSMR expects to achieve annual traffic growth of 3%-5%. Additionally, JSMR will gain funds from divesting a 35% stake in Jasa Marga Transjawa Tol (JTT) for IDR15.75 tn. This divestment is part of strategic asset recycling and debt reduction initiatives, which is expected to enhance profitability and support new toll road expansions. As a result, JSMR expects to grow further its revenue by 14.46% yoy in 2024 and could also reduce its financing costs. (Source: Kontan)