Analyst Recommendations: Marketing Sales of Bumi Serpong Damai (BSDE) Exceed Target

“Shop house pre-sales mainly came from Iconix Studio Loft, Enchante Business Park, and Delrey Business Townhouse located in BSD City. Then, there is also Front Row Studio Loft in Kota Wisata, Cibubur,” he said.

Next, sales from apartment units came from The Elements, Southgate, and Aerium, located in Jakarta. Then, there are Akasa, Upperwest, and Marigold units located in BSD City.

The increase in BSDE's marketing sales resulted in a performance achievement in the fourth quarter of 2023 of IDR 2.75 trillion, 40% higher compared to the same period last year, which was IDR 1.96 trillion.

Equity Research Analyst Kiwoom Securities Vicky Rosalinda recommends buying for BSDE with a target price of IDR 1,125 per share.

Senior Investment Information Mirae Asset Securities Indonesia Muhammad Nafan Aji Gusta recommends accumulate for BSDE with a target price of IDR 1,120 per share.