Rely on Thursday Market, Attention to Nature ASRI Silk Thinning

JAKARTA, KOMPAS.com - Land thinning, attention was reduced. Thus the fate of the region Alam Sutera, Serpong. The manager, PT Alam Sutera Realty Tbk, is now more serious about developing both residential superblock project is located in the Market Thursday, Tangerang.
Through its subsidiary, Ambassadors Realtindo Jaya, ASRI landbank will develop an area of ​​1062 hectares (ha) in the Market Thursday. Notes only, the remaining land in the region Serpong ASRI about 280 ha.
Thursday Market seriousness ASRI develop visible from the allocation of capital expenditure. Of the total capital expenditure (capex) worth Rp 3 trillion in 2012, amounting to Rp 1 trillion allocated for the development of Market Thursday. While Serpong acquired the allocation of Rp 600 billion. The remaining budget will be used to develop a hotel and theme park project in Bali.
Anindya Saraswati, Danareksa Securities analysts assess, Thursday Market project has bright prospects. Increased capital spending will push the performance of ASRI grow.
He added that the development of hotel and condominium project in Bali will strengthen recurring income or recurring income ASRI.
Irwan Budiarto, Krishna Securities analyst, noted, the contribution of recurring income to total revenue as of September new ASRI 2.7%.
"In fact, portions of other property in the company on average has been above 10%," he said, Wednesday (12/21/2011).
According to Irwan, ASRI recurring income for 2012 could rise because @ Alam Sutera Mall will be operational by mid 2012. Irwan predict, ASRI recurring revenue in 2012 and 2013 will rise, respectively to 4.2% and 6% of total revenue.
Management is targeting ASRI, recurring income can contribute up to 10%. The biggest share of revenue ASRI for this still comes from the marketing sales.
Throughout January-October 2011, the company collects pre-sales income worth Rp 2.5 trillion, 75.5% higher than last year. As many as 74% of marketing sales is contributed by the sale of residential products. The rest, as much as 18.1% of the commercial area and 7.9% of the sale of the apartment.
Management is optimistic ASRI can touch marketing sales target this year of Rp 2.7 trillion. Irwan estimate, at least ASRI could reach Rp 2.6 trillion.

(Albertus M. Prestianta)