Ciputra Development (CTRA IJ) - Riding the Affordability Wave
Ciputra Development (CTRA IJ) continued to book strong marketing sales in 1H2024 and looks well on track to meet or beat its FY2024E guidance with...
261 Views
Ciputra Development - Expect Landed-Residential to Remain a Key Pillar for 2H24 Marketing Sales
CTRA booked resilient 2Q24 pre-sales, supporting 1H24 to form 55/53% of mgmt/our FY24F, with above-expected sales from Serpong Elaia.
186 Views
Ciputra Development - Expect Strong Marketing Sales Trend to Continue in 2H24
We believe CTRA will be able to maintain its strong pre-sales trend in 2H24 (1H24 est. +3% yoy), driven by its vast landed-residential projects.
393 Views
Equity Strategy: Potential Winners from BI’s Surprise Rate Cut
The period of policy rate cut was historically positive for JCI, which delivered 21% return during FY16-18 125bps rate cut.
261 Views
CrossASEAN Indonesia Strategy - Parting Clouds
The Indonesian stock market was down 2% over the last year despite a flurry of inflows in the summer but this year looks interesting with a new...
321 Views