ctrp

kenapa ctrp?
REMINDER ALL ABOUT CTRP :

1.Ciputra Property   | Homecoming year
CTRP IJ / CTRP.JK | OUTPERFORM - Maintained | Rp960.00 - Tgt. Rp1,350.00
Property Devt & Invt | by Lydia TOISUTA, Linda LAUWIRA

Ciputra Property’s 4Q12 strong sales immediately translated into earnings strength. Its backlog and inventory suggest that a further doubling of earnings could be in the works. FY12 core EPS forms 96% of our forecast and 100% of consensus, with the slight shortfall attributable to lower-than-expected margins. Nevertheless, we raise our FY13-15 EPS by 4-16% following new higher guidance. Our target price also climbs, still based on DCF (WACC: 12%). Maintain Outperform with catalysts expected from further sets of strong earnings.
(28 March 2013)


2.CTRP : laba bersih Rp 300,0m vs Rp 158,6m

3.Proyek yang jadi mesin uang Ciputra tahun ini
PT Ciputra Property Tbk (CTRP) menjagokan dua proyek propertinya di tahun 2013, yakni Ciputra World 1 (Mal Jakarta Bernuansa Korea Selatan) (KONTAN)

4.Valuation super attractive at 12x 2013 PER, recurring income 25% of the revenues, not well covered by analysts (= opportunity), and apartment in Jakarta is booming esp. that Singapore has introduced cooling measures, not everyone wants to live further away from Serpong. Disc to NAV will fall as projects are nearing completion. (CLSA)