Bumi Serpong Damai (BSDE IJ)
Analyst: Yap Swie Cu
BUY / TP: IDR:1,700 (+21.4%)
1H19 Results: Above expectation on one-time gain
• One-time gain boosts 2Q19 profit
• Soaring land sales supports revenue growth
• Rising margin due to change in sales mix
• Revising up estimation, maintain BUY