Summarecon Agung - Soft Pre-Sales but Remains a Bargain in the Sector
We maintain our Buy rating with a lower TP of Rp800, as we assigned a higher disc. to RNAV to incorporate a weaker pre-sales outlook.
453 Views
IDX30/LQ45/IDX80 Index Rebalance: Large Flows in Some Stocks with 4 Days to Implementation
There are 2 constituent changes each for the IDX30, LQ45 and IDX80 indices to be implemented at the close on 31 Oct. There are stocks with multiple...
938 Views
Lippo Karawaci (LPKR IJ) - Building Solid Foundations
Lippo Karawaci's results made for interesting reading with underlying profitability improving in its real estate and lifestyle segments as it...
475 Views
Summarecon Agung - Inline 1H24 Pre-Sales
SMRA’s 1H24 pre-sales of Rp1.72tr only formed 34% of its FY24F target, yet we deem this expected as it aims to backload sales in 2H24.
354 Views
Summarecon Agung (SMRA IJ) - Growth in Investment Property and Lower Fin. Costs
SMRA booked core net profits of IDR242 billion in 2Q23 (+8% y-o-y, 33% q-oq), representing 24% of our FY23 forecast. The 1H23 core profits reached...
437 Views