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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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