Premier Insight : CTRA, target to launch 3 new projects until the end of 2019
Tuesday, May 21, 2019       09:25 WIB

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: Ciputra Development ( IJ; Rp900; Buy) target to launch 3 new projects until the end of 2019. Previously in 1Q19, launched North West Park phase 2 in Surabaya, which contributed for Rp420bn marketing sales. In other note, will continue working on projects that can secure a recurring income for company, such as shopping mall, hotel, and office tower. (Kontan).
 Comment: We maintain our Buy call for (TP: Rp1,400) following its diverse projects also reflecting to its successful presales in 1Q19, showing its capability.  

Sumber : IPS RESEARCH

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