Sinarmas Land Limited: Business Overview, Financials & Competitive Analysis
Sinarmas Land Limited scores 5/10 on the AskCyborg Cyborg Score (Mixed). Diversified regional property developer with strong Indonesian presence and reasonable valuation, but delisting has eliminated public equity trading optionality. The company trades at a modest trailing PE ratio of 6.57, suggesting undervaluation, but it was delisted from SGX effective July 25, 2025, creating significant uncertainty. While revenue grew 10.92%.
What is Sinarmas Land Limited's industry? Sinarmas Land Limited (sinarmasland.com) operates in Real Estate Activities - Property Development and Investment. AskCyborg classifies Sinarmas Land Limited under Real Estate Activities - Property Development and Investment in its company registry.
Sinarmas Land is an investment holding company engaged in the property business across Indonesia, Malaysia, Singapore, China, Australia, and the UK, with operations spanning township, residential, commercial, industri...
Cyborg Score thesis
Diversified regional property developer with strong Indonesian presence and reasonable valuation, but delisting has eliminated...
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Pro stress-test →Sinarmas Land is an investment holding company engaged in the property business across Indonesia, Malaysia, Singapore, China, Australia, and the UK, with operations spanning township, residential, commercial, industrial, and hospitality-related properties. The Indonesia property segment contributes the majority of the company's revenue, owning around 10,000 hectares of land with projects in city development, residential, commercial, retail, industrial estates, and hospitality properties.
Strategic Profile
Pro stress-test →The company has three major Indonesian subsidiaries: PT Bumi Serpong Damai Tbk (BSDE), PT Duta Pertiwi Tbk (DUTI), and PT Puradelta Lestari Tbk (DMAS), providing significant exposure to Indonesia's growing real estate market. The company maintains a solid balance sheet with a current ratio of 2.72 and debt/equity ratio of 0.31, while generating 8.81% return on equity.
Competitive Landscape
Pro stress-test →Sinarmas Land operates through three main divisions: Indonesia Property Division, International Business Division, and United Kingdom Property Division. The company competes with other regional property developers in Southeast Asia including CapitaLand and UEM Sunrise, though its substantial land holdings in Indonesia and diversified property portfolio provide competitive differentiation.
Industry Context
Sinarmas Land Limited operates in Real Estate Activities - Property Development and Investment.
Key facts
Founded: 1988 · Headquarters: Singapore, Singapore · Revenue: SGD 1.49 billion (2024) · Market cap: SGD 1.60 billion