CTRA- set a marketing sales guidance of IDR11.1 tn for 2024

CTRA- set a marketing sales guidance of IDR11.1 tn for 2024 To achieve this growth target, CTRA is strategically focusing on product segments and locations that leverage their strengths. CTRA is committed to emphasizing landed residential and commercial products tailored to the resilient end-user market within the middle-income bracket and beyond. Being the most geographically diversified property developer in Indonesia, CTRA is well-positioned to capitalize on localized growth opportunities and bolster our brand recognition across an extensive network. Furthermore, CTRA is actively expanding their capacity to attract joint partnerships, as evidenced by the recent launch of two new joint-operation projects in Sumatra and Greater Surabaya. (Source: Company) Comment: We view the news positively as the marketing sales guidance slightly exceeds our target for 2024, which stands at IDR 11.0 tn.