In today’s briefing:
- Ciputra Development (CTRA IJ) – The Cosmopolitan Developer
Ciputra Development (CTRA IJ) – The Cosmopolitan Developer
- Ciputra Development (CTRA IJ) is Indonesia’s most geographically diversified and land bank-rich property developers, and also the pioneer of joint operating schemes that have allowed for faster expansion.
- The company reported a solid set of 1H2022 results with strong 9M2022 marketing sales pointing towards higher growth ahead, with guidance already revised upwards.
- Ciputra Development is a core proxy for the ongoing residential market recovery in Indonesia and valuations are significantly below the 5-year average on both PBV and PER.
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