Bumi Serpong Damai Tbk is a leading Indonesian real estate development company, renowned for its comprehensive approach to township planning and property development. The company went public in 2008, listing its stocks in the Indonesia Stock Exchange (Stock Code: BSDE). PT Bumi Serpong Damai Tbk operates as a subsidiary of Sinarmas Land Limited.
Cyborg Score Rationale
BSDE is a well-established, publicly listed property developer with a flagship integrated township (BSD City) generating diversified revenue streams across residential, commercial, and infrastructure. The company recovered strongly from pandemic impacts (2021-2023), maintains consistent dividend payouts since IPO, and benefits from participation in government strategic projects.
Top Insights
BSD City is a 40,000-house integrated township supporting 450,000+ residents with modern amenities, toll roads, and infrastructure
Portfolio spans 50+ projects across townships, housing, commercial spaces, retail, industrial estates, and hospitality
Strong financial recovery trajectory from 2021-2023 following pandemic downturn; net income grew from 486 billion rupiah (2020) to 1.53 trillion rupiah (2021)
Subsidiary of Sinar Mas Land Limited, a Singapore-listed multinational property developer with regional operations
Named Competitors
Summarecon Agung — Integrated residential and commercial township developer
Sinar Mas Agro — Diversified conglomerate with property segment operations
Duta Pertiwi — Property developer subsidiary acquired by BSDE in 2010
Recent Developments
(December 2024) Net profit in Q3 2024 (July-September) reached 469 billion rupiah with growth potential through government strategic project participation
(2024) Joined government's National Strategic Projects (PSN) with 18.54 trillion rupiah investment absorption
(2023) Financial performance improved with sustained growth in revenue and profitability
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