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H1 Results: Property
PT Lippo Karawaci (LPKR) Tbk is still the largest property company on Indonesia Stock Exchange (IDX) by market capitalization. The company is also second best in terms of net profit booked in the first half of 2010. But the stock is value only 1.7 times equity. How about others? ,Last Updated ( Wed, 04 Aug 2010)
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| Bakrieland & The Profitability Equation
PT Bakrieland Development (ELTY) Tbk currently has assets three times of Bumi Serpong Damai (BSDE), but generated net profit of one-third of BSDE. Will the company spend more energy in improving profitability of the existing assets and stop acquiring dubious assets? (Fri, 30 Jul 2010)
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| IPO to Watch: Agung Podomoro
PT Agung Podomoro Group (APG), one of the country’s largest property developer, has announced its plan to float its shares on the Indonesian Stock Exchange later this year, with an aim to raise fresh cash between Rp2-3 trillion. Will the IPO be a successful one? (Thu, 22 Jul 2010)
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| More Articles |
| • Another B-Story on BSDE | Property | Investor Daily reported this morning that Daiwa Securities Group and Nomura Holdings want to purchase the stocks of property developer PT Bumi Serpong Damai (BSDE) Tbk, reportedly on strong performance of the Sinarmas-controlled company in the first quarter of 2010. Really? | |
| • Budget Hotel Rush | Property | Various property developers have announced their respective plans to expand budget hotel network around the archipelago. The latest is the plan from PT Surya Semesta Internusa (SSIA) Tbk, a company controlled by Suriadjaja family, to build budget hotels in various cities. Who are the key players? | |
| • Bakrieland's US$750 Million rights issue | Property | Property developer PT Bakrieland Development (ELTY) Tbk offers 33.93 billion new shares to raise Rp5.429 trillion and 6.786 billion warrants to raise Rp1.357 trillion. The combined proceeds of about US$750 million will be used to finance acquisition of toll road projects and development of Rasuna Epicentrum, Theindonesiatoday.com reported. | |
| • Johan Lensa & Intiland | Property | Property developer PT Intiland Development (DILD) Tbk has raised Rp1.89 trillion from the issuance of new shares. Johan Lensa, former controlling owner of coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), is reportedly the new substantial shareholder in DILD through the rights issue process. | |
| • Property Stocks & Projects | Property | Trading on property stocks increased substantially in the past few weeks triggered mainly by announcement of new projects. Alam Sutera Realty (ASRI), for example, has gained almost 100% since late January. Summarecon gained 61.4% so far this year. Others? In this report: (1) ASRI performance, (2) CapitaLand boosts Indonesian presence, (3) Aston expands network. | |
| • PROPERTY UPDATES | Property | Property stocks on IDX were among the best performers so far this year. Three companies under Ciputra Group gained between 39% and 85%. Intiland also surged 89%, while Alam Sutera soars 84%. In this report, (1) Lippo Karawaci, (2) Arthaloka's US$300 million project, (3) Agung Podomoro & Dyandra, and (4) Pikko Group & Lifestyle Mall. | |
| • Lippo Karawaci & US$350 Million Notes | Property | Property developer PT Lippo Karawaci Tbk, a member of Lippo group found by tycoon Mochtar Riady, is planning to issue fixed rate senior notes worth US$350 million, the company announced on Thursday. | |
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