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Report Publish : November 26, 2009
Reasons for report : Company visit
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Ciputra Development Tbk
(-)
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Tittle : Leveraging Value from The Inside
Analyst : Stanley Tjiandra |
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- Resilient earning + attractive valuation = positive bias.
- Quick rebound in marketing sales, FY09 net profit may beat expectation.
- Organic expansion through new pipeline projects and land acquisition.
- What is so interesting about the China project?
- FY10 marketing sales is estimated to rise 30%.
- Boosting value through increasing ownership in CTRS, ROI is 163%.
- CTRP may become the next target of acquisition.
- Negative sentiment from warrant conversion to be over soon.
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