Corporate Updates
Modernland Realty (MDLN IJ): Better outlook – Not rated
Modernland Realty (MDLN IJ)
Analyst: Chelene Indriani
Not rated
Better outlook
• Improving first half marketing sales achievement YoY
• More residential project launching in the second half
• Robust industrial land sales in Modern Cikande
• Starting to monetize on Modern Bekasi
• Valuation