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Trades about 27% below its sector, cheaper than its peers on earnings.
Founded in 1975 and based in Jakarta Timur, Indonesia, PT Summarecon Agung Tbk operates as a prominent real estate development firm in the country. The company's operations are divided into several key areas: Property Development, Investment Property, Leisure and Hospitality, and other diverse ventures. Its primary activities include the construction and sale of a range of properties such as residential dwellings, commercial structures, apartment complexes, and plots of land for both residential and commercial use. Summarecon Agung specializes in creating and managing integrated townships. Its Investment Property segment involves the oversight of leasing and management for its owned assets, including shophouses, office buildings, and residential apartments. The Leisure and Hospitality division manages recreational clubs and owns various hospitality facilities like sports clubs and hotels. Beyond these core real estate functions, the company also engages in a variety of other services, including health and estate management, the development of infrastructure, operating gas stations and hospitals, food and beverage retail, and offering information system, education, and trading services.
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