State-owned construction firm PT Wijaya Karya (WIKA) Tbk booked net profit of Rp570 billion last year, grew 19.7% from 2012 due to falling net profit in the last quarter of 2013. PT Pembangunan Perumahan (PTPP) Tbk, also a state construction firm, meanwhile, posted net profit of Rp421 billion last year, jumped 36% from 2012. Has WIKA been valued overtly above PTPP?

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