Analisa Saham Asii | 9 Januari 2019
ID - [ ASII IJ]: Ground Checks: New Models To Lift Sales; BUY
Andrey Wijaya - RHB Sekuritas
Mutiara Nita - RHB Sekuritas
Market cap: USD23,041m
Daily trading: USD19.21m
♦ Maintain BUY and Street-high end IDR9,500 TP, 16% upside, with 4% FY19F yield.
♦ Our channel checks indicate selling prices could be unchanged from previous models – but also come with a lower sales discount.
♦ While these are not entirely new models, these fresh versions should boost Astra’s auto sales.
Details on our report: https://research.rhbtradesmart.com/attachments/1/rhb-report-ind_astra-international_company-update_20190109_rhb-87623439139529505c3521570a900.pdf
Andrey Wijaya - RHB Sekuritas
Mutiara Nita - RHB Sekuritas
Market cap: USD23,041m
Daily trading: USD19.21m
♦ Maintain BUY and Street-high end IDR9,500 TP, 16% upside, with 4% FY19F yield.
♦ Next week, Astra International is likely to launch facelifted models of the small MPV Toyota Avanza and Daihatsu Xenia.
♦ Our channel checks indicate selling prices could be unchanged from previous models – but also come with a lower sales discount.
♦ While these are not entirely new models, these fresh versions should boost Astra’s auto sales.
Details on our report: https://research.rhbtradesmart.com/attachments/1/rhb-report-ind_astra-international_company-update_20190109_rhb-87623439139529505c3521570a900.pdf
