Jakarta - SOE Minister Erick Thohir is optimistic that PT Waskita Karya Tbk can achieve the 2025 transformation target, 2x market cap growth, and 3x EBITDA.

"I appreciate Waskita Karya's hard work, which is on track in its transformation efforts while continuing to encourage IRR increases and strategic investments to strengthen capital. I am optimistic that Waskita can achieve its transformation target in 2025 with 2x market cap growth and 3x EBITDA," said Erick Thohir in a press release on Wednesday (4/20).

According to Erick, this transformation is part of the overall transformation of SOE Karya (SOEs in the construction sector).

"We already have a roadmap to transform SOE Karya. We are improving our portfolio and doing re-grouping, as well as consolidation so that our SOEs can have specialization and expertise - in line with construction industry regulations at the Ministry of Public Works and Public Housing. It's not a general