Summarecon Agung (SMRA IJ): 3Q19: Strong quarter

Summarecon Agung (SMRA IJ)
Analyst: Chelene Indriani
BUY / TP: IDR:1,300 (+15.0%)
3Q19: Strong quarter
• Robust net profit…
• … with strong revenue recognition
• Robust marketing sales YTD
• Upgrade to BUY with unchanged TP of IDR1,300