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| Media Highlights, 24 Nov 2015 |
At Summarecon Bandung’s premiere launch last Saturday, all 400 units were fully sold out in less than five hours, with total estimated sales value of c.IDR600bn-700bn. Maintain BUY with an unchanged IDR1,710 TP (15% upside). While the generated sales value is below the company’s initial target of IDR800bn, the event saw more than 1,000 registered buyers, pointing to a bright future for the Bandung projects.
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