27 March 2020 (closed)
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PT Agung Podomoro Land Tbk is an Indonesian property development company in the form of a consortium of seven property developers. It focuses on acquiring land, developing real estate, and the selling and renting of land, buildings, apartments, shopping malls, and office space. Agung Podomoro group, its holding company, has been in the property business of Indonesia for more than 40 years. The company is one of the largest real estate developers in Indonesia. At end-2015, it had 40 subsidiaries and two associate entities engaged in the property sectors of Jakarta, Karawang, Bandung, Makassar, Batam, Balikpapan and Bali.
|Industry Sector||Property, Real Estate and Construction|
|Industry Sub Sector||Property and Real Estate|
|Established||30 July 2004|
|Listed||11 November 2010|
|Listed Company Code||APLN|
|Major Shareholders (>5%)||Indofica (71.78%)
Agung Podomoro Land (5.54%)
|Key Subsidiaries||Kencana Unggul Sukses
Intersatria Budi Karya Pratama
Arah Sejahtera Abadi
Brilliant Sakti Persada
Buana Surya Makmur
Stock Quote Agung Podomoro Land - APLN:
Agung Podomoro Land is a leading integrated diversified real estate owner, developer and manager in Indonesia's retail, commercial, and residential real estate segments. It has an integrated property development model, from land acquisition and/or sourcing, to design and development, to project management, sales, commercial leasing and marketing, to the operation and management of superblock developments, shopping malls, offices, hotels, and residential apartments and houses. Some landmark projects include Senayan City, Podomoro City, and Kuningan City.
Since 1973, Agung Podomoro Land and its subsidiaries have completed or began construction of more than 70 property projects (including malls, apartments, hotels). Although the majority of projects are addressed to the middle class segments of Indonesia's society, its projects range from low-cost apartments to luxurious apartments in South Jakarta, and from the neighborhood mall to the elite mall.
Agung Podomoro Land was established in 2004 under the name of PT Tiara Metropolitan Jaya. In 2010, a corporate restructuring program was realized, through which six developers and their holding companies were transferred to the control of Tiara Metropolitan Jaya. In August 2010, the company's name was changed to Agung Podomoro Land.
Although the majority of its revenue is generated through property sales (strata title), Agung Podomoro is eager to increase the importance of recurring revenues towards the company's total revenues. These recurring revenues originate from the company's malls and hotels business segments. Recurring revenues increased from 5.3 percent (of total revenue) in 2010 to 26 percent in 2014.
Further Reading: Indonesia's Property Sector
The company has also increased its focus on second-tier cities in Indonesia - such as Bogor, Karawang and Bandung (all on Java), Medan (Sumatra), Bali, Makassar (Sulawesi), Balikpapan (Kalimantan), and Batam - as growth rates are higher here than in the Greater Jakarta region.
Agung Podomoro Land's Financial Highlights:
|Sales & Revenues
|Profit before Tax||382.5||888.2||1,097.5||1,177.2||938.4||1,138.9||960.9|
|Earnings per Share¹||19.4||28.3||39.6||41.5||41.6||41.5||32.6|
|Dividend per Share¹||6.0||6.0||6.0||0||2|
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Agung Podomoro Land, Annual Report 2016
Agung Podomoro Land's Debt Securities Listing:
|Debt Securities (Bond Type)||Principal Value (IDR)||Annual Interest||Maturity Date||Pefindo Rating|
|Bond I APLN Year 2011 - Serie A||325 billion||10%||25 August 2014||idA (Single A)|
|Bond I APLN Year 2011 - Serie B||875 billion||11%||25 August 2016||idA (Single A)|
|Bond II APLN Year 2012||1,200 billion||9.375%||15 august 2017||idA (Single A)|
|Continued Bond I APLN Phase I Year 2013||1,200 billion||9.25%||27 June 2018||idA (Single A)|
|Continued Bond I APLN Phase II Year 2014||750 billion||12.25%||6 June 2019||idA (Single A)|
|Continued Bond I APLN Phase III Year 2014||451 billion||12.5%||19 December 2019||idA (Single A)|
Source: Agung Podomoro Land, Annual Report 2015
Projection Agung Podomoro Land's Future Corporate Earnings:
|P/E Ratio (x)|
in billion IDR, unless otherwise stated
Jalan Let. Jend. S. Parman Kav. 28
West Jakarta 11470
Phone: +62 21 5694 9727
Fax: +62 21 5694 9717