PT Lippo Karawaci Tbk (IDX: LPKR)

About PT Lippo Karawaci Tbk

PT Lippo Karawaci Tbk, an Indonesian conglomerate operating through its subsidiaries, specializes in comprehensive property development. Its operations are structured across three primary divisions: Real Estate Development, Real Estate Management & Services, and Fund Management/Investments. The Real Estate Development division is responsible for extensive real estate activities, encompassing urban planning, infrastructure creation, and the execution of expansive, integrated projects. These developments include residential condominiums, commercial and entertainment centers, office complexes, and facilities dedicated to healthcare and education. This segment also incorporates a food business and other strategic investments. The Real Estate Management & Services division focuses on the development and operation of shopping centers, hotels, recreational venues, and restaurants. Furthermore, it delivers essential services such as health and town management, water and sewage treatment, alongside transportation and maintenance solutions. The Fund Management/Investments segment primarily offers specialized management services. Beyond these core property offerings, the company engages in a vast array of complementary activities. These include financial, professional, scientific, and technical services; construction; various aspects of transportation and trading; comprehensive water, wastewater, waste management, and recycling solutions; parking and remediation services; and staffing provisions. A significant part of its portfolio also involves operating hospitals, clinics, health centers, polyclinics, and providing other related healthcare services. Its extended business interests span investments, printing, agriculture, gardening, workshop operations, pharmaceutical wholesale, mining, computer programming, diverse management consulting, hotel management, township development, asset management, home care, and air installation. As of December 31, 2021, Lippo Karawaci's extensive portfolio included 40 hospitals, 59 malls (comprising 49 leased and 10 strata-titled properties), and 10 hotels. Established in 1990 under its former name, PT Tunggal Reksakencana, the company maintains its headquarters in Tangerang, Indonesia.

ISIN

ID1000108905

Founded

1990

Listed since

Sep 29, 2005

Exchange

Indonesia Stock Exchange

Currency

IDR