Investment Report
Group 1 Members :
1. Ahmad Vauza
2. Noer Rachmadhani Hernirat
3. Putri Cahya Hairanny
Trading Limit : Rp 120,000
No Actions
1 Hold
1810521006
1810523011
1810523014
Reason and Arguments
For price analysis, CTRA Shares have shown a
decline in recent days. The insignificant price
fluctuations indicate that this stock can still be
categorized as a good stock for its technical
analysis.
Also, The developer, PT Ciputra Development
Tbk (IDX: CTRA) had completed the debt
refinancing of global bond S$150 million
(US$111.94 million) due in September 2021.
The issuer redeemed the notes with a new
issuances with the same amount will mature at
2026 and interest rated 6 percent per annum.
Director of Ciputra Development, Tulus Santoso,
said the process of global redemption bond was
completed on March 19. With a longer maturity,
he adds, the property business holding have the
potential looks another debt to be repaid.
Currently, the real estate firm have a total debt
of Rp10 trillion ($694.44 million) and around 15
percent in foreign currency.
And we do believe that CTRA still has good
Fundamental and we decide to hold it longer.
 Portfolio

Purchase Current
N Purchase Last
Stock Lot ( a ) Values ( a × Values ( a ×
o Price ( b ) Price ( c )
100 × b ) 100 × c )
1 CTRA 1 Rp 900 Rp 1,160 Rp 90,000 Rp 116,000