Genting Plantations' Expansion In Indonesia Lacks Details
Genting Plantations' Expansion In Indonesia Lacks Details
Genting Plantations Berhad has announced its acquisition of 152 hectares of land in the Sentul City township of Bogor, Greater Jakarta, for MYR593 million. This move is seen as a significant expansion of its property development portfolio, following the ongoing construction of a Jakarta Premium Outlet, set to be completed by the end of 2024. According to reports from Maybank, Kenanga and MIDF investment Banks, the acquisition is strategically located and poised to benefit from the area's growing real estate market but information on the potentials are still scarce.
雲頂種植公司宣佈收購位於印尼雅加達大都市波哥爾Sentul City鎮的152公頃土地,價格爲5930萬馬幣。此舉被視爲其房地產開發投資組合的重大擴展,而該公司正在建造預計於2024年年底完工的雅加達名品折扣中心。據馬來亞銀行、肯納卡證券和馬來亞投行的報告,該收購處於戰略性位置,並有望從該地區不斷增長的房地產市場中受益,但有關其潛力的信息仍然很少。
Maybank remains neutral on the venture, maintaining a HOLD rating with a target price of MYR6.21, citing insufficient details on the development plans. Kenanga however has trimmed its FY25 earnings forecast by 3% due to anticipated higher finance costs but retains a MARKET PERFORM rating with a target price of MYR6.00. MIDF also holds a NEUTRAL stance with an unchanged target price of MYR6.10, reflecting the fair acquisition price and potential future value appreciation.
馬來亞銀行對該創業公司持中立態度,維持持有評級,目標價爲6.21馬幣,稱開發計劃缺乏詳細信息。肯納卡證券已將其2025財年盈利預測下調3%,原因是預期的高融資成本,但保持市場表現評級,目標價爲6.00馬幣。馬來亞投行也持中立立場,目標價不變,爲6.10馬幣,反映了公允的收購價格和未來的價值升值潛力。
The land purchase, averaging MYR391 per square metre, is expected to be completed by the first quarter of 2025. Despite a slight increase in gearing, analysts believe the acquisition's strategic location and deferred payment scheme make it a viable investment. As Genting Plantations continues to build its footprint in Indonesia, the company's focus on property development in Greater Jakarta aligns with its broader expansion strategy and may drive future growth.
這塊平均每平方米391馬幣的土地購買預計將在2025年第一季度完成。儘管槓桿略有增加,分析師們仍認爲,該收購的戰略位置和延期付款計劃使其成爲一個可行的投資。隨着雲頂種植公司在印度尼西亞不斷擴大其版圖,該公司在雅加達大都市的房地產開發重點與其更廣泛的擴張戰略相一致,有望推動未來增長。
譯文內容由第三人軟體翻譯。