Ciputra Development (CTRA IJ)
Analyst: Chelene Indriani
BUY / TP: IDR:1,300 (+18.7%)
Expecting better 2H19 marketing sales
• Booked IDR2.4tn marketing sales as of 6M19
• Houses and land lot still dominates the marketing sales
• Marketing sales to recover in 2H19
• Maintain BUY with unchanged target price of IDR1,300