Bumi Serpong Damai (BSDE IJ): 2024 results above expectation

Bumi Serpong Damai (BSDE IJ)
BUY / TP: IDR:1,240 (+52.1%)
Analyst: Yap Swie Cu

• 2024 results above expectation
• In-line core earnings
• One-time gain boosted bottom-line profit
• Expecting resilient 2025 sales
• Reiterate BUY with lower TP