Foreign offers to buy stake in Surabaya Intiland

Intiland Development (DILD) reportedly is exploring a number of foreign and local investors to form a partnership or joint venture company to work on projects in Surabaya.
"The issue, the company successfully took two foreign investors who are equally engaged in property," said the source VIVAnews.com in Jakarta on Tuesday evening, April 19, 2011.
Investors, according to him, interested in forming a subsidiary of the company to work on a number of projects in Surabaya. "Primarily, the project reached Rp1 trillion," the source added.
Intiland Corporate Secretary, Theresa Rustandi, as confirmed said that the company is always open to any party to a joint venture company in working on each project.
"We never closed the door for foreign and domestic investors if wishes to work together," he said when contacted VIVAnews.com in Jakarta, Wednesday, April 20, 2011.
Of course, he adds, the company will accept with open arms if there is foreign investors who are interested in helping the company in working on projects in Surabaya Intiland. "While many have explored, but this time for projects in Surabaya is still our own doing," said Theresa.
As is known, Intiland Development will work on residential projects in Surabaya Graha Natura. According to Vice President Director Intiland, Sinarto Dharmawan, projects that will do it standing on a land area of ​​100 hectares.
In the meantime, investment will be invested in this project, he said, estimated at more than Rp 1 trillion, which ranges from Rp400 billion early stage and second stage 650 billion.
As of March 31, 2011, UBS AG Singapore S / A Truss Inv Partners Pte Ltd has a stake of 22.24 percent DILD coded, PT Permata Ratnamulia (7.28 percent), Credit Suisse AG, Singapore (20.03 percent), Faith Mount Investments Limited as much (6.95 percent). The rest was held by the public.
At the close of the first session of trading today, DILD closed stagnant in the position of Rp360 per share. PT UOB Kay Hian Securities with AI code was recorded as the broker of the most widely collected stock Intiland Development.
Meanwhile, according to Robin Setiawan, PT Valbury Asia Securities analyst, with the entry of foreign and local investors in these projects the company show that the project would gulp Intiland promising and profitable.
"As for his own company, of course project under construction could be performed and it could be a positive sentiment for the performance of the company, along with the prospects of its shares on the bourse," he said.
He recommends buying for stock accumulation DILD coded for short and medium term, because the price is likely to penetrate the range of levels of Rp420-500. "Moreover, with the occupancy or demand for property increases, would provide a positive sentiment for the company," he said. (Art)