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Rabu, 22 Juni 2011

Hexindo (HEXA IJ) obtains US$200m heavy equipment sales contract by Sarina - CLSA

· This is part of their target of US$650m sales revenue for the fiscal year 11 (Apr2011-Mar2012). It is a cumulative order from various coal companies.

· The company is targeting 3,000 units sold for this fiscal year (+30% YoY), or 250 units per month. Due to components shortage, Hitachi sales now averaging 150 units per month, from 200 units per month in Jan-Mar2011. Moving into July, Hexindo expects normal sales back to more than 200 units per month level. Hitachi principal said the recovery of their facility in Japan is better than expected.

· Just like Komatsu, Hexindo also said there is no evidence of Caterpillar taking away market share from them.

· Production capacity of Hitachi Indonesia is to increase from 2,500 units to 3,000 units pa this year. About 20% of Hitachi equipments are imported from Japan, with the remaining produced locally by Hitachi Indonesia.
Posted by Saham Pilihan at 08.34

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