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Corporate Updates

Summarecon Agung (SMRA IJ): Strengthens its book

Summarecon Agung (SMRA IJ)
Not rated
Analyst: Yap Swie Cu

Strengthens its book
• Rights issue to deleverage balance sheet, support expansion
• Positive impact to P&L, but NAV/share to be adjusted down
• No new launches resulted in lower marketing sales in May
• Valuation
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