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Premier Insight : PWON,expect shift in customer preferences from landed houses to high-rise product in mix-used complex
Friday, March 15, 2019       09:15 WIB

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: Pakuwon Jati ( IJ; Rp640; Buy) expect shift in customer preferences from landed houses to high-rise product in mix-used complex. Thus, company targets landed high rise contribution to FY19F marketing sales to reach 67% (FY18: 65%), while expecting landed houses portion to decline to 24% (FY18: 28%). However, set a moderate marketing sales target of Rp2.2tn in FY19F as they are expecting quite property market during presidential election. (Bisnis Indonesia).
 Comment: We maintain as one of our top picks in residential property sector given company's stong recurring income portion which aid the company's position during weak marketing sales. 

Sumber : IPS RESEARCH

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