Corporate Updates

Bumi Serpong Damai (BSDE IJ): Resilient in the midst of uncertainties

Bumi Serpong Damai (BSDE IJ)
BUY / TP: IDR:1,430 (+40.2%)
Analyst: Yap Swie Cu

Resilient in the midst of uncertainties
• Stronger-than-expected 2023 sales boosted by commercial segment
• 2024 sales to be resilient
• Strong franchise and attractive valuation.
Re-iterate BUY call

Corporate Updates

Bumi Serpong Damai (BSDE IJ): Resilient in the midst of uncertainties

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