ENTRY AT PROPERTY SECTOR - PWON

The strengthening of property stocks in the last 3 months cannot be separated from the realization of the performance of developers who have emerged from the slump due to the pandemic since 2020. With a number of stimuli, both in terms of fiscal and monetary, pre-sales of property issuers began to rise this year.

KONTAN.CO.ID - JAKARTA. PT Pakuwon Jati Tbk (PWON) plans to acquire land or malls in Java and Bali. Pakuwon Jati Development Director Ivy Wong said, there were already several companies or land managers who offered land or land to be sold to PWON. Ivy said that this year PWON is focusing on two mall projects, namely Pakuwon Mall Bekasi and Pakuwon City Mall (3rd extension) in Surabaya. For Pakuwon Mall Bekasi, the investment value is around Rp. 2.1 trillion and the land area of ​​the mall is around 3.5 hectares (ha).
Ivy added that the easing of the Implementation of Community Activity Restrictions (PPKM) made PWON mall traffic gradually increase again. "PWON mall traffic on the weekend has again increased by around 80-90% from pre-covid from 2019,"

in technical analysis PWON form a cup and handle pattern, so can buy when price breakout resistance.
BUY: 530
TARGET PRICE : 660
STOP LOSS: 515