Bumi Serpong Damai (BSDE IJ): To continue its solid performance

Bumi Serpong Damai (BSDE IJ)
BUY / TP: IDR:1,430 (+22.2%)
Analyst: Yap Swie Cu

To continue its solid performance
• Higher-than-expected revenue
• Earnings estimates revised up
• Government support for the property sector - Excellent franchise to accelerate asset monetization. Re-iterate BUY