Alam Sutera Realty Tbk is an Indonesia-based integrated property developer focused on residential, commercial, and mixed-use developments, including shopping centers, recreational areas, and hotels. The company's core activities involve the construction and management of these properties, with significant projects in areas like Serpong and Tangerang. It was founded in 1993 and is headquartered in Jakarta, Indonesia.
We view Alam Sutera (ASRI) as “High Risk” on the LARA scale, given its asset concentration and cash-flow volatility. The company is highly reliant...