Bumi Serpong’s asset value grows by 10%

Jakarta – PT Bumi Serpong Damai Tbk (BSDE) has reported an increase in net asset value by 10% to IDR 46.7 trillion or IDR 2,813 per share.

Yesterday Bumi Serpong share price closed at IDR 1,270, discounted by 55% of the NAV, Investor Daily reported. Bumi Serpong targets revenue to grow by 15% this year to IDR 4.2 trillion, compared to the 2012 estimate of IDR 3.7 trillion.

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Bumi Serpong targets revenue up 15%

Jakarta – PT Bumi Serpong Damai Tbk (BSDE) has targeted revenue of IDR 4.25 trillion in 2013, up about 15% compared this year estimated revenue of IDR 3.7 trillion.

Bumi Serpong Director Herman Wijaya as quoted by Investor Daily said, because of approaching the 2014 general election, the company set next year revenue growth target lower than this year estimated growth of 25%.

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BSD performance beyond expectations

Jakarta – PT Bumi Serpong Damai Tbk (BSDE) or BSD, developer of the largest independent city in Indonesia, has booked a net profit of IDR 901.5 billion in the third quarter of 2012, an increase of 31.25% compared to the same period in 2011 amounting to IDR 686.9 billion.

BSD Director and Corporate Secretary Herman Wijaya as quoted by Investor Daily said, the net profit in the third quarter 2012 also exceeded the total net profit in 2011 which amounted to IDR 840.78 billion.

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Bumi Serpong’s marketing sales reaches IDR 1.3 trillion

Jakarta – PT Bumi Serpong Damai Tbk (BSDE) has received marketing sales worth IDR 3.1 trillion so far this year up to September, up 25% year-on-year from IDR 2.5 trillion.

Bumi Serpong Director Herman Wijaya as quoted by Kontan said, the amount was equivalent to 73% of the target for this year. This achievement is attributed to BSD City project which contributes around 72% of total marketing sales as per September 2012.

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Sinar Mas offers luxury clusters in BSD City

Jakarta – PT Sinar Mas Land has been ready to launch residential for the upper class at The Avani area, BSD City, in mid-October. The residential project done by its subsidiary, PT Bumi Serpong Damai Tbk (BSDE), will consist of 113 units in two clusters.

The company was optimistic that the luxury residences located in an area of 8.4 hectares would be consumer demand, Kontan reported. It refers to the best-selling of previous sale of six clusters in The Avani area.

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Sinar Mas establishes mall, office building at BSD City

Jakarta – Sinar Mas Land, the parent company of PT Bumi Serpong Damai Tbk (BSDE) and PT Duta Pertiwi Tbk (DUTI), will soon commence the development of The Breeze mall and one office tower at the BSD City independent city.

Sinar Mas Land Managing Director Corporate Secretary & Services Ishak Chandra said the company would conduct the groundbreaking after the Idul Fitri holiday, Kontan reported. “The target of completion would be next year,” Ishak said. He declined to reveal the total investment for both projects.

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Bumi Serpong increases shareholding in Duta Pertiwi

Jakarta – PT Bumi Serpong Damai Tbk (BSDE), a property company operating under the Sinarmas Group, has spent IDR 181.8 billion to increase its shareholding in PT Duta Pertiwi Tbk (DUTI).

The fund was used to buy 60.1 million shares in Duta Pertiwi, Kontan reported. Bumi Serpong Director Hermawan Wijaya said the transaction was realized on August 6.

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