Stronger With Abundant Projects
PT Bumi Serpong Damai Tbk (BSDE) managed to record a solid performance. Analysts are optimistic that BSDE's performance next year will be higher than this year's performance.
BSDE's financial performance until the first semester of 2021 was positive, with pre-sales of Rp 4.5 trillion. This figure rose 39.20% year on year (yoy). The residential segment contributed 67%. Meanwhile, BSDE's revenue rose 39.19% yoy to Rp 3.25 trillion. BSDE also achieved a net profit of up to Rp 680 billion, from a previous loss of Rp 192.68 billion. Quoting the research of Andhika Suryadharma Analyst of RHB Sekuritas, until the third quarter of 2021 BSDE scored 87% of its pre-sales target for 2021. Looking at the pre-sales performance, Andhika is optimistic that the pre-sales target of BSDE will be achieved, especially thanks to the pre-sales from the residential segment. BSDE's pre-sale target this year can be missed if the commercial property division pursues pre-sales. "Companies can launch commercial shophouses worth IDR 1-2 billion," Andhika said in the research. BSDE's pre-sales were also supported by increased public interest in high-end properties and products with prices above Rp 3 billion. Not to mention the ammunition from BSDE's collaboration with Mitbana Pte.Ltb., a joint venture company owned by Mitsubishi Corporation and Surbana Jurong. The cooperation in selling the land plots contributes up to Rp 500 billion. Head of Investment PT Reswara Gian Investa Kiswoyo Adi Joe is also optimistic that BSDE's financial performance has the potential to grow 20% in 2022. Kiswoyo said BSDE will benefit from having a large land bank. It is recorded that the landbank owned by BSDE reaches a total of 4,582 hectares (ha).
|•SOURCE•| Articles :KONTAN | Image :IDX |
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