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When will Sinarmas wake up?
Sinarmas, Mitsubishi, Surbana tie up for transit-oriented developments in Indonesia
A SUBSIDIARY of Sinarmas Land has entered into a strategic partnership with Mitbana, a joint-venture fund management company of Mitsubishi Corporation and Surbana Jurong.
This is to develop smart and sustainable transit-oriented developments (TODs) in Bumi Serpong Damai (BSD) City, Indonesia, Sinarmas Land and Mitbana said in a joint statement on Saturday.
Mitbana is a Singapore-headquartered urban development fund established in March 2019 that focuses on TOD and township projects in Asean and South Asia. By leveraging the experience and expertise of Mitsubishi Corporation and Surbana Jurong, it aims to accelerate such developments with the support of institutional capital from third parties, the joint statement said.
The Sinarmas Land subsidiary is Bumi Serpong Damai (Sinar Mas Land), a property developer in Indonesia which has developed more than 50 projects in the country. Its flagship town development is BSD City, located in Tangerang in Greater Jakarta.
BSD City spans a total land area of about 6,000 hectares. It was developed since the mid-1980s and has businesses, schools, shopping malls, hospitals, hotels and convention centres. It is home to the Apple Developer Academy - co-run by Apple and a local university - as well as ride-hailing firm Grab' s innovation and engineering lab.
Mitbana will work with Sinar Mas Land to transform over 100 hectares of greenfield land in BSD City into TODs, comprising residential units, commercial properties, living amenities and public transport nodes. This undertaking will enlarge BSD City' s existing development footprint, and expand on its current population of 200,000 residents, the joint statement said.
Sinar Mas Land group chief executive officer Michael Widjaja said with this commitment, Mitbana will become Sinar Mas Land' s largest development partner in BSD City.
Mitbana chairman and Surbana Jurong group chief corporate officer Chong Lit Cheong said Surbana Jurong will support the endeavour with its multidisciplinary urban and infrastructure solutions, while Mitsubishi Corporation lends its complementary urban development expertise. (see amendment note)
Mitbana' s partnership with Sinar Mas Land builds on existing collaborations among Mitsubishi Corporation, Sinar Mas Land and Surbana Jurong.
Within BSD City, Mitsubishi Corporation has embarked on a gated-residential development project with Sinar Mas Land called The Zora, which utilises the former' s smart home technology.
Separately, Sinar Mas Land, together with Indonesian conglomerate Citra Mas, have engaged Surbana Jurong to develop a concept master plan for a 62-hectare eco-digital project in Nongsa, Batam.
Last:0.175 
+0.001
NAV $1.1, widjaja family property biz
no brainer to be vested for the recovery and upside
gd luck dyodd
+0.001NAV $1.1, widjaja family property biz
no brainer to be vested for the recovery and upside
gd luck dyodd
Sinarmas Land
On April 7, Sinarmas Land lead independent director Hong Pian Tee acquired 185,100 shares of the listed company for a consideration of S$30,728 at an average price of 16.6 cents per share.
Mr Hong maintains a 0.05 per cent total interest in Sinarmas Land.
https://www.businesstimes.com.sg/companies-markets/director-filings-at-a-more-measured-pace
should note that, i think those ipo off, e price dropped lower than ipo price a lot.. but, bund center is a good investment now... think easily worth more than a billion.. but, market cap so low...
Qanghoo ( Date: 23-Oct-2018 11:16) Posted:
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They had distributed dividend in specie in the form of Golden Agri n Bund Centre. Anymore to come before go private?
alexchew ( Date: 23-Oct-2018 10:45) Posted:
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tough... i think this vehicle is for them to park their excess... not really for them to take it private or use to generate wealth.
desmodeus ( Date: 23-Oct-2018 10:37) Posted:
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if it were to be privatised, venture a guess at the offer price? 20c or 50c
what do you think
http://www.theedgemarkets.com/article/indonesia-braces-prolonged-pressure-rupiah-slides
http://www.theedgemarkets.com/article/indonesia-braces-prolonged-pressure-rupiah-slides
wait for spin off
BillionX ( Date: 03-Aug-2018 16:27) Posted:
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Lack of analysts coverage and poor dividend yield. Good stock to slowly accumulate and wait for events to unfold.
Qietly creeping up
storhet18 ( Date: 19-Jul-2018 11:32) Posted:
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bukit semawang has more potential than this.
why is this counter still hovering close to its 52 week lows?
Any sifu buying this undervalue gem,
The CEO is from the rich Widjaja family, who is also the President of listed Golden Agri Resources.
The stock has fallen from high of $0.85 in 2015 to current $0.40.
Last Q was profitable. If the falling share price is any indication, then the coming Q may not be good.
It is not shown on SGX that Temasek has a direct interest. DBS AM has less than 0.5% of shareholding.
Well, it offers better opportunity to buy low
francisd ( Date: 25-Jan-2018 16:42) Posted:
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Hit is 52 week low any idea guys.
Not vested.
Not vested.
time to wake up!
The FY result should be better than last year:
2016 FY - 263,699,000
2017 9M - 247,064,000. The Q4 2016 came in at $100M. If they retain the same Q4 result as last year, the fy should be at least 347M. They just completed the disposal of the Orchard property in Dec ... and should recognise additional $100M. We could see FY profit of above $400M
Let' s wait for the result. Remain vested.
2016 FY - 263,699,000
2017 9M - 247,064,000. The Q4 2016 came in at $100M. If they retain the same Q4 result as last year, the fy should be at least 347M. They just completed the disposal of the Orchard property in Dec ... and should recognise additional $100M. We could see FY profit of above $400M
Let' s wait for the result. Remain vested.
edwinjup ( Date: 11-Jan-2018 05:19) Posted:
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