Analisa Saham BEST
BEST (BUY IDR320)BEST recorded net profit of IDR483bn in 2017, +44.8%yoy, INLINE with our estimates of IDR488bn (99.6%), yet above the consensus' estimate of IDR420bn (115.9%).
In 4Q17 alone, BEST recorded net profit of IDR203bn, +83.1%qoq. The strong performance was mainly attributable to revenue recognition from 13ha land sales in 4Q17 that contributes around IDR300bn, higher than the land sales that recognized in 3Q17 of 7ha.
In 2018, we remain expect company to deliver strong financial performance on the back of outstanding 31ha land sales backlog.
See the full report through the following link: http://dmia.danareksaonline.com/Upload/20180315%20BEST.pdf
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