Terregra Asia Energy Tbk. vs Wicaksana Overseas International Tbk. — how do they compare? Terregra Asia Energy Tbk. trades at Rp27 (market cap 74.25B), while Wicaksana Overseas International Tbk. trades at Rp123 (market cap 294.43B). The key difference: Wicaksana Overseas International Tbk. is far larger — about 4× Terregra Asia Energy Tbk.'s market cap. Which is the better fit depends on your goals.
| TGRA | WICO | |
|---|---|---|
Market Cap | 74.25B | 294.43B |
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PT Terregra Asia Energy Tbk (the Company) formerly was established (PT Mitra Megatama Perkasa) based on Notarial Deed No. 31 dated November 7, 1995 of T. Francisca Teresa N. S.H., a public notary in Denpasar. The Company was established as a Mechanical and Electrical contractor focusing on the power generating sector, primarily working for PLN, Indonesia’s national electricity company. In 2010, MMP made its first investment in power generation, a mini-hydro plant located in Sumatera. MMP became PT. Terregra Asia Energy in 2016 as it shifted its focus to hydro and solar photo-voltaic power generation. Terregra is now constructing a fleet of hydro-generation power plants and both roof-top and utility scale photo-voltaic developments. Working with proven technologies combined with its own experienced development, power engineering and management professionals as well as its own O&M team and partnering with some of the most experienced renewable power developers and technology providers in the world, Terregra is aiming to have over 300 MW of sustainable generation in operation within the next 5 years.
Read more on TGRA →PT Wicaksana Overseas International Tbk (the Company) was established in the Republic of Indonesia on January 19, 1973 based on the Notarial Deed No. 80 of Julian Nimrod Siregar, S.H. The Company began its business with the establishment of PT Djangkar Djati in Medan, North Sumatera in 1964 for importing and exporting consumer goods to Singapore. In the same year, the company was entrusted to distribute BAT cigarettes. In 1973, the distribution business was expanded to distribute imported BAT cigarettes. Since 1973, the business was also expanded to a wider range of products such as candies and snack, beverages, milk powder, instant noodle, jelly and disposable cigarette lighters. In line with the increasing number of product varieties, the company also expanded its distribution areas to big cities in Sumatera, Java and Kalimantan. In this year, the distribution business was transferred to PT Wicaksana Overseas Import, which in 1992 changed its name to PT Wicaksana Overseas International. In 1994, the company conducted a public offering of 20,000,000 shares with a par value of Rp 1,000 per share to the public at price of Rp 3,250 per share. Up to December 1995, the proceeds from the IPO have been fully used in conformity with the companys plan at the time of listing.
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