*Sucor Flash*
*CTRA - Marketing sales set to conquer new heights*
*CTRA 2024 marketing sales target Rp11.1tn (+8% yoy)* , driven by initiatives outside greater jakarta, as the region experiences normilization post 2023 high-base launches.
*2024 marketing sales boost from PPNDTP*, as CTRA currently holds Rp3.2tn. We view apartment will reap PPNDTP scheme, aligning well with CTRA 2024 apartment marketing sales target pf Rp357bn
*Maintain BUY with TP of Rp1,815* based on DCF implying a 1.5x 2024F PBV and 13.4x 2024F PE.
Read more: https://bit.ly/CTRA_MarketingSalesConquerNewHeights
Best Regards,
Niko Pandowo - Sucor Sekuritas
*CTRA - Marketing sales set to conquer new heights*
*CTRA 2024 marketing sales target Rp11.1tn (+8% yoy)* , driven by initiatives outside greater jakarta, as the region experiences normilization post 2023 high-base launches.
*2024 marketing sales boost from PPNDTP*, as CTRA currently holds Rp3.2tn. We view apartment will reap PPNDTP scheme, aligning well with CTRA 2024 apartment marketing sales target pf Rp357bn
*Maintain BUY with TP of Rp1,815* based on DCF implying a 1.5x 2024F PBV and 13.4x 2024F PE.
Read more: https://bit.ly/CTRA_MarketingSalesConquerNewHeights
Best Regards,
Niko Pandowo - Sucor Sekuritas