CLSA on LPKR ayo2 yg blm punya LPKR
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CLSA on LPKR ayo2 yg blm punya LPKR
Research Today: Upgrading LPKR to O-PF, Risks dissipating, by Stifanus Sulistyo
Stock, Ticker: Lippo Karawaci, LPKR IJ
Market cap, ADV: US$1,955m, US$8.4m
Target price, Rec: Rp1,175, O-PF
Event: Upgrade recommendation on improving visibilities on Jakarta’s hi-rise development license and asset sale
Analyst Stifanus Sulistyo upgrades Lippo Karawaci (LPKR IJ) to O-PF TP Rp1,175 from previously U-PF TP Rp1,060 on the back of company’s improving visibilities on license andasset sales. License approvals, especially for plot ratio, has been experiencing considerable delays until recently. However, recent developments showed more certainty over license issuance. Stifanus raised RNAV by 4% as the company sold Kemang Village mall to REIT and valuation roll-over.
Link to the report here: Lippo Karawaci - O-PF (Risks dissipating)
Key points:
Our concerns on LPKR seem dissipating. Recent developments ease our concerns as there is more certainty over Jakarta’s hi-rise development license and higher likelihood on asset sales which will lower gearing level. Some projects that affected by Jakarta license: Kemang Village, Lippo Thamrin & Holland Village.
Revised pre-sales target looks achievable, important as LPKR set a staggering 66% pre-sales growth target before. We lower pre-sales assumption by ~4%, but still 6% above the revised pre-sales target.
As risks dissipating, we thinkvaluation should re-rate and share price underperformance should reverse; thus raised TP to Rp1175/sh (18% upside) andrating to O-pf.
Stock, Ticker: Lippo Karawaci, LPKR IJ
Market cap, ADV: US$1,955m, US$8.4m
Target price, Rec: Rp1,175, O-PF
Event: Upgrade recommendation on improving visibilities on Jakarta’s hi-rise development license and asset sale
Analyst Stifanus Sulistyo upgrades Lippo Karawaci (LPKR IJ) to O-PF TP Rp1,175 from previously U-PF TP Rp1,060 on the back of company’s improving visibilities on license andasset sales. License approvals, especially for plot ratio, has been experiencing considerable delays until recently. However, recent developments showed more certainty over license issuance. Stifanus raised RNAV by 4% as the company sold Kemang Village mall to REIT and valuation roll-over.
Link to the report here: Lippo Karawaci - O-PF (Risks dissipating)
Key points:
Our concerns on LPKR seem dissipating. Recent developments ease our concerns as there is more certainty over Jakarta’s hi-rise development license and higher likelihood on asset sales which will lower gearing level. Some projects that affected by Jakarta license: Kemang Village, Lippo Thamrin & Holland Village.
Revised pre-sales target looks achievable, important as LPKR set a staggering 66% pre-sales growth target before. We lower pre-sales assumption by ~4%, but still 6% above the revised pre-sales target.
As risks dissipating, we thinkvaluation should re-rate and share price underperformance should reverse; thus raised TP to Rp1175/sh (18% upside) andrating to O-pf.
wahyumedan- Jumlah posting : 7
Join date : 17.09.14
Lokasi : medan
Re: CLSA on LPKR ayo2 yg blm punya LPKR
Menarik nih LPKR, technically sih udah dibawah yah
dauddirgahayu- Jumlah posting : 17
Join date : 02.09.14
Re: CLSA on LPKR ayo2 yg blm punya LPKR
2 hari kemarin sih nahan di 1025 aja dia Yu, klo bisa jalan lagi dari situ kayanya bisa mulai ke 1080 lagi. Kayanya boleh diperhatiin...
tunggu bandar lpkr nya bangun ky nya ke 1200 pun mudah nih,,
Aldibirawa wrote:2 hari kemarin sih nahan di 1025 aja dia Yu, klo bisa jalan lagi dari situ kayanya bisa mulai ke 1080 lagi. Kayanya boleh diperhatiin...
tunggu bandar lpkr nya bangun ky nya ke 1200 pun mudah nih,,
wahyumedan- Jumlah posting : 7
Join date : 17.09.14
Lokasi : medan
Re: CLSA on LPKR ayo2 yg blm punya LPKR
Bandarnya siapa yah....???
![Rolling Eyes](https://2img.net/i/fa/i/smiles/icon_rolleyes.gif)
dauddirgahayu- Jumlah posting : 17
Join date : 02.09.14
Re: CLSA on LPKR ayo2 yg blm punya LPKR
PT. Lippo Karawaci Tbk
23 September 2014
JAKARTA - Property developer PT Lippo Karawaci Tbk (LPKR) posted marketing sales Rp2.8 trillion as of August, claiming to be on track reaching the target of Rp4.6 trillion by end of the year.
Lippo Karawaci President Director Ketut Budi Wijaya said that the company is still optimistic though in the first half it had booked not more than Rp1.6 trillion, 34% of the expected figure for the year.
In the first eight months, the company affiliated with Lippo Group launched several projects including St Moritz Panakukang in South Sulawesi and Kondominum Embarcadero Western Wing in Bintaro, Jakarta.
Recently, it launched Hillcrest House in Millenium Village, Karawaci in August. Because of high demand, it made sales Rp800 billion on the first day of launching and was forced to offer the second tower in the integrated business area.
Late this year, it will launch another five projects valuing around Rp5 trillion. The projects to launch are Holland Village second phase, Embarcadero Bintaro Eastern Wing, Orange County Lippo Cikarang and Lippo Thamrin second phase. It expects total sales this year Rp11 trillion, rising from Rp8.55 trillion last year.
Source: PT Lippo Karawaci Tbk
President Director
Ketut Budi Wijaya
23 September 2014
JAKARTA - Property developer PT Lippo Karawaci Tbk (LPKR) posted marketing sales Rp2.8 trillion as of August, claiming to be on track reaching the target of Rp4.6 trillion by end of the year.
Lippo Karawaci President Director Ketut Budi Wijaya said that the company is still optimistic though in the first half it had booked not more than Rp1.6 trillion, 34% of the expected figure for the year.
In the first eight months, the company affiliated with Lippo Group launched several projects including St Moritz Panakukang in South Sulawesi and Kondominum Embarcadero Western Wing in Bintaro, Jakarta.
Recently, it launched Hillcrest House in Millenium Village, Karawaci in August. Because of high demand, it made sales Rp800 billion on the first day of launching and was forced to offer the second tower in the integrated business area.
Late this year, it will launch another five projects valuing around Rp5 trillion. The projects to launch are Holland Village second phase, Embarcadero Bintaro Eastern Wing, Orange County Lippo Cikarang and Lippo Thamrin second phase. It expects total sales this year Rp11 trillion, rising from Rp8.55 trillion last year.
Source: PT Lippo Karawaci Tbk
President Director
Ketut Budi Wijaya
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