Corporate Updates
Bumi Serpong Damai (BSDE IJ): 9M19 results: Within expectation
Bumi Serpong Damai (BSDE IJ)
Analyst: Yap Swie Cu
BUY / TP: IDR:1,700 (+26.9%)
9M19 results: Within expectation
• One-time gain boosts 9M19 net profit
• Soft 3Q19 core earnings as expected
• Contracting gross margin
• Re-iterate our BUY call