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Trades about 56% below its sector, cheaper than its peers on earnings.
PT Ciputra Development Tbk, an Indonesian real estate conglomerate operating with its various subsidiaries, is engaged in the construction and marketing of properties across Indonesia. The company's business activities are broadly divided into its residential and commercial property divisions. Its residential developments encompass a range of offerings including land parcels, individual homes, mixed-use shophouses, apartment complexes, and individually owned office units. In its commercial segment, the company develops and manages projects such as shopping centers (which it also leases out), hotels, healthcare facilities, golf courses, and water parks. Established in 1981 and headquartered in Jakarta, Indonesia, the firm was originally named PT Citra Habitat Indonesia before officially adopting its current name, PT Ciputra Development Tbk, in December 1990. The company operates as a subsidiary of PT Sang Pelopor.
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