Home Capital Broker's Calls

Sinarmas Land: Best deal in town?

PC Lee
PC Lee9/15/2016 02:32 PM GMT+08  • 2 min read
Sinarmas Land: Best deal in town?
SINGAPORE (Sept 15): RHB is maintaining its “buy” on Sinarmas Land with 91 cents target price, convinced that the township developer is the “best proxy” for exposure to Indonesia’s sector property sector.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 15): RHB is maintaining its “buy” on Sinarmas Land with 91 cents target price, convinced that the township developer is the “best proxy” for exposure to Indonesia’s sector property sector.

Supported by a strong balance sheet, the developer is also growing its recurring income base via overseas acquisitions of prime office properties.

In a Thursday report, analyst Goh Han Peng cites supportive macroeconomic and monetary policies; cuts in property taxes, lower mortgage downpayments; benign inflation and the tax amnesty programme as factors that are likely to drive capital inflows into Indonesia’s property sector.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now