Ciputra Development (CTRA IJ): Benefitting from Diversification

Ciputra Development (CTRA IJ)
Analyst: Chelene Indriani
BUY / TP: IDR:1,300 (+18.7%)
Benefitting from Diversification
• Initiate coverage with BUY and TP of IDR1,300
• Geographical footprints across Indonesia
• Focusing on end-user segment
• Balance sheet remains prudent