Coal Average Selling Price Increase

The increase in BI 7DRRR means adjustments to Loan Interest Expenses and Mortgage Rates for Property Sector consumers. However, CTRA’s ability to maintain Topline and Bottomline growth has made NHKSI Research maintain the Buy recommendation. CTRA posted a net profit of IDR1 trillion 1H22 or a significant growth of 107.8% YoY, driven by revenue growth of 16% YoY to IDR4.7 trillion. Meanwhile, CTRA recorded Marketing Sales of IDR3.9 trillion, growth 12% YoY.

Asset Growth

The increase in BI 7DRRR means adjustments to Loan Interest Expenses and Mortgage Rates for Property Sector consumers. However, CTRA’s ability to maintain Topline and Bottomline growth has made NHKSI Research maintain the Buy recommendation.

Download full report HERE.