Analisa Saham Asii | 11 Januari 2019
ID - [ Auto sector]: 0% Down Payment a Positive, OVERWEIGHT
Andrey Wijaya - RHB Sekuritas
Mutiara Nita - RHB Sekuritas
Maintain OVERWEIGHT on the sector, with ASII and AUTO as our Top Picks.
Lower down payment to 0% in a new regulation recently approved by OJK should bring positive sentiment to the automotive sector against interest rate hike concerns.
The 0% down payment applies to the multi-finance companies, with net non-performing financing (NPF) lower than or equal to 1%.
As for the multi-finance companies with net NPF >1%, the previous down payment regulation is still applies.
Details on report: https://research.rhbtradesmart.com/attachments/69/rhb-report-ind_auto_sector-news-flash_20190111_rhb-12837478816512735c37c4ab8f4ee.pdf
Andrey Wijaya - RHB Sekuritas
Mutiara Nita - RHB Sekuritas
Maintain OVERWEIGHT on the sector, with ASII and AUTO as our Top Picks.
Lower down payment to 0% in a new regulation recently approved by OJK should bring positive sentiment to the automotive sector against interest rate hike concerns.
The 0% down payment applies to the multi-finance companies, with net non-performing financing (NPF) lower than or equal to 1%.
As for the multi-finance companies with net NPF >1%, the previous down payment regulation is still applies.
Details on report: https://research.rhbtradesmart.com/attachments/69/rhb-report-ind_auto_sector-news-flash_20190111_rhb-12837478816512735c37c4ab8f4ee.pdf
