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Premier Insight : SSIA, has acquired total of 900ha (FY17: 860ha) as of 1Q18, which is 85% of company’s FY18 target of 1,060ha.
Thursday, April 19, 2018       09:28 WIB

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Surya Semesta Internusa ( IJ; Rp545; Buy) has acquired total of 900ha (FY17: 860ha) as of 1Q18, which is 85% of company's FY18 target of 1,060ha. In the other hand, owns a total of 170ha in Karawang, as their JV plans with partner to add additional landbank has not found any agreement. In addition, currently has around 30ha inquiry, doubled the company's FY18 marketing sales of 15ha (Ours: 10ha). (Kontan)
 Comment: We are positive on the news as the acquisition process is on track with company's FY18 plan, before starting presales in early 2019. 

Sumber : IPS RESEARCH

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