Analysts rate the shares Bumi Serpong Damai, Tbk (BSDE IJ) deserves to be collected for long term, since expectations property sector will enter an uptrend in 2023. Head Research Narada Asset Management, Kiswoyo Adi explains, the property sector until next year are still heavy, since the cycle of booming price every 10 years. Investors should look at how widespread stock of land (land bank). For the record, BSDE has 2,000 Ha of premium land.
BSDE is also successfully as an independent city, so the existence of empty land that became very expensive and potential. According to Kiswoyo, had great potential to BSDE. Especially later in the time of the surge of property prices began to escalate. Previously, Director of BSDE, Hermawan Wijaya is targeting revenue of pre sales or marketing sales amounting to IDR6.2Trn in 2019. These targets are supported by flagship projects in the residential and commercial segments.
In the Indonesia Stock Exchange (IDX) disclosure information, Hermawan said the contribution of marketing sales in 2018 is still sustained by the residential product sales of IDR3.47Trn, or 56% of total marketing sales increased compared to 2017 of IDR2.81Trn. “With a strong fundamental conditions, we are sure you will be able to record the growth of a positive performance by the year 2019. Optimism is also supported by still high demand against products of BSDE owned residential and commercial, “he added.