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Coal Average Selling Price Increase Pakuwon Jati Tbk. (PWON) reported a massive 22.7% YoY increase in recurring revenue (IDR 3.42 trillion vs IDR 2.79 trillion) in 9M23. This is driven by a 20.1% rise in retail leasing revenue and a 38.1% increase in hotel & service apartment revenue. On the other hand, the company’s pre-sales slipped by 12.7% YoY (IDR 1.02 trillion vs IDR 1.17 trillion) with landed property pre-sales (-32.2%) being the major catalyst for this slide. Asset Growth Pakuwon Jati Tbk. (PWON) reported a massive 22.7% YoY increase in recurring revenue (IDR 3.42 trillion vs IDR 2.79 trillion) in 9M23. This is driven by a 20.1% rise in retail leasing revenue and a 38.1% increase in hotel & service apartment revenue. |
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