Bumi Serpong Damai PT

PT Bumi Serpong Damai is engaged in business in the real estate construction sector, along with its supporting facilities; as well as in services and trading in Indonesia. Co. has been developing a new city, which is a planned and integrated residential area, with amenities/infrastructure, environmental facilities and parks, called the BSD City. Co.'s real estate project is called Bumi Serpong Damai which is located in Banten Province. Co. via its subsidiaries, has also developed several residential projects, such as Grand Wisata in Bekasi, Kota Wisata in Cibubur, Taman Permata Buana in Jakarta, Banjar Wijaya in Tangerang, Kota Bunga in Bogor, Balikpapan Baru and Grand City in Balikpapan.
  • TickerBSDE
  • ISINID1000110802
  • ExchangeIndonesian Stock Exchange
  • SectorReal Estate Investment & Services
  • CountryIndonesia
Benyamin Mikael ... (+2)
  • Benyamin Mikael
  • Maskun Ramli
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Thursday, August 19, 2021

Results Bumi Serpong Damai (BSDE IJ/BUY/Rp910/Target: Rp1,300) 2Q21: Booked core profit of Rp17b in 2Q21 after net loss of Rp414b in 2Q20. TRADERS’ CORNER Bank Tabungan Negara (BBTN IJ): Technical BUY Unilever Indonesia (UNVR IJ): Technical BUY

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Strong Marketing Sales Growth Could Tra...

BSDE booked marketing sales of Rp2.05t in 2Q21 (+86.9% yoy), which contributed to marketing sales of Rp4.5t (+56% yoy) in 1H21. High growth in marketing sales historically leads to a double-digit growth in share price. Given the strong performance in 1H21, potential sales of land to a JV company totalling Rp1t in 2021, and potential launch of more products in 4Q21, we maintain our marketing sales target of Rp7.5t for 2021. Maintain BUY with a target price of Rp1,600.

Maskun Ramli ... (+2)
  • Maskun Ramli
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Wednesday, July 28, 2021

Bumi Serpong Damai (BSDE IJ/BUY/Rp940/Target: Rp1,600): Strong marketing sales growth could translate into strong share price increase. TRADERS’ CORNER Barito Pacific (BRPT IJ): Technical BUY Astra Agro Lestari (AALI IJ): Technical BUY

BSDE Bumi Serpong Da... (Real Estate)

BUMI SERPONG DAMAI reduced its risk exposure resulting in an upgrade t...

BUMI SERPONG DAMAI (ID), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date July 6, 2021, the closing price was IDR 990.00 and its potential was estimated at IDR 1,273.41.

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Marketing Sales Likely To Exceed Compan...

BSDE could book Rp7.5t in marketing sales (our previous target is Rp7t) in 2021 with the 38% growth in marketing sales in 1Q21, favourable regulations for the property sector and higher-than-expected marketing sales in the land plot segment and Wish for Home sales programme in 2021. We expect earnings to grow by 473% yoy to Rp1.56t due to 15% growth in 2021 marketing sales, the low base of 2020 and lower interest expenses. Maintain BUY with a target price of Rp1,600.

Benyamin Mikael ... (+2)
  • Benyamin Mikael
  • Maskun Ramli
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Thursday, August 19, 2021

Results Bumi Serpong Damai (BSDE IJ/BUY/Rp910/Target: Rp1,300) 2Q21: Booked core profit of Rp17b in 2Q21 after net loss of Rp414b in 2Q20. TRADERS’ CORNER Bank Tabungan Negara (BBTN IJ): Technical BUY Unilever Indonesia (UNVR IJ): Technical BUY

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Strong Marketing Sales Growth Could Tra...

BSDE booked marketing sales of Rp2.05t in 2Q21 (+86.9% yoy), which contributed to marketing sales of Rp4.5t (+56% yoy) in 1H21. High growth in marketing sales historically leads to a double-digit growth in share price. Given the strong performance in 1H21, potential sales of land to a JV company totalling Rp1t in 2021, and potential launch of more products in 4Q21, we maintain our marketing sales target of Rp7.5t for 2021. Maintain BUY with a target price of Rp1,600.

Maskun Ramli ... (+2)
  • Maskun Ramli
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Wednesday, July 28, 2021

Bumi Serpong Damai (BSDE IJ/BUY/Rp940/Target: Rp1,600): Strong marketing sales growth could translate into strong share price increase. TRADERS’ CORNER Barito Pacific (BRPT IJ): Technical BUY Astra Agro Lestari (AALI IJ): Technical BUY

BSDE Bumi Serpong Da... (Real Estate)

BUMI SERPONG DAMAI reduced its risk exposure resulting in an upgrade t...

BUMI SERPONG DAMAI (ID), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date July 6, 2021, the closing price was IDR 990.00 and its potential was estimated at IDR 1,273.41.

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Marketing Sales Likely To Exceed Compan...

BSDE could book Rp7.5t in marketing sales (our previous target is Rp7t) in 2021 with the 38% growth in marketing sales in 1Q21, favourable regulations for the property sector and higher-than-expected marketing sales in the land plot segment and Wish for Home sales programme in 2021. We expect earnings to grow by 473% yoy to Rp1.56t due to 15% growth in 2021 marketing sales, the low base of 2020 and lower interest expenses. Maintain BUY with a target price of Rp1,600.

Benyamin Mikael ... (+2)
  • Benyamin Mikael
  • Maskun Ramli
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Thursday, August 19, 2021

Results Bumi Serpong Damai (BSDE IJ/BUY/Rp910/Target: Rp1,300) 2Q21: Booked core profit of Rp17b in 2Q21 after net loss of Rp414b in 2Q20. TRADERS’ CORNER Bank Tabungan Negara (BBTN IJ): Technical BUY Unilever Indonesia (UNVR IJ): Technical BUY

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Strong Marketing Sales Growth Could Tra...

BSDE booked marketing sales of Rp2.05t in 2Q21 (+86.9% yoy), which contributed to marketing sales of Rp4.5t (+56% yoy) in 1H21. High growth in marketing sales historically leads to a double-digit growth in share price. Given the strong performance in 1H21, potential sales of land to a JV company totalling Rp1t in 2021, and potential launch of more products in 4Q21, we maintain our marketing sales target of Rp7.5t for 2021. Maintain BUY with a target price of Rp1,600.

Maskun Ramli ... (+2)
  • Maskun Ramli
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Wednesday, July 28, 2021

Bumi Serpong Damai (BSDE IJ/BUY/Rp940/Target: Rp1,600): Strong marketing sales growth could translate into strong share price increase. TRADERS’ CORNER Barito Pacific (BRPT IJ): Technical BUY Astra Agro Lestari (AALI IJ): Technical BUY

BSDE Bumi Serpong Da... (Real Estate)

BUMI SERPONG DAMAI reduced its risk exposure resulting in an upgrade t...

BUMI SERPONG DAMAI (ID), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date July 6, 2021, the closing price was IDR 990.00 and its potential was estimated at IDR 1,273.41.

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Marketing Sales Likely To Exceed Compan...

BSDE could book Rp7.5t in marketing sales (our previous target is Rp7t) in 2021 with the 38% growth in marketing sales in 1Q21, favourable regulations for the property sector and higher-than-expected marketing sales in the land plot segment and Wish for Home sales programme in 2021. We expect earnings to grow by 473% yoy to Rp1.56t due to 15% growth in 2021 marketing sales, the low base of 2020 and lower interest expenses. Maintain BUY with a target price of Rp1,600.

Benyamin Mikael ... (+2)
  • Benyamin Mikael
  • Maskun Ramli
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Thursday, August 19, 2021

Results Bumi Serpong Damai (BSDE IJ/BUY/Rp910/Target: Rp1,300) 2Q21: Booked core profit of Rp17b in 2Q21 after net loss of Rp414b in 2Q20. TRADERS’ CORNER Bank Tabungan Negara (BBTN IJ): Technical BUY Unilever Indonesia (UNVR IJ): Technical BUY

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Strong Marketing Sales Growth Could Tra...

BSDE booked marketing sales of Rp2.05t in 2Q21 (+86.9% yoy), which contributed to marketing sales of Rp4.5t (+56% yoy) in 1H21. High growth in marketing sales historically leads to a double-digit growth in share price. Given the strong performance in 1H21, potential sales of land to a JV company totalling Rp1t in 2021, and potential launch of more products in 4Q21, we maintain our marketing sales target of Rp7.5t for 2021. Maintain BUY with a target price of Rp1,600.

Maskun Ramli ... (+2)
  • Maskun Ramli
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Indonesia Daily - Wednesday, July 28, 2021

Bumi Serpong Damai (BSDE IJ/BUY/Rp940/Target: Rp1,600): Strong marketing sales growth could translate into strong share price increase. TRADERS’ CORNER Barito Pacific (BRPT IJ): Technical BUY Astra Agro Lestari (AALI IJ): Technical BUY

BSDE Bumi Serpong Da... (Real Estate)

BUMI SERPONG DAMAI reduced its risk exposure resulting in an upgrade t...

BUMI SERPONG DAMAI (ID), a company active in the Real Estate Investment Trusts industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date July 6, 2021, the closing price was IDR 990.00 and its potential was estimated at IDR 1,273.41.

Benyamin Mikael
  • Benyamin Mikael
BSDE Bumi Serpong Da... (Real Estate)

Bumi Serpong Damai (BSDE IJ) - Marketing Sales Likely To Exceed Compan...

BSDE could book Rp7.5t in marketing sales (our previous target is Rp7t) in 2021 with the 38% growth in marketing sales in 1Q21, favourable regulations for the property sector and higher-than-expected marketing sales in the land plot segment and Wish for Home sales programme in 2021. We expect earnings to grow by 473% yoy to Rp1.56t due to 15% growth in 2021 marketing sales, the low base of 2020 and lower interest expenses. Maintain BUY with a target price of Rp1,600.

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