Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Rabu, 22 Juni 2011

Official 2W and 4W auto sales show good recovery by Sarina Lesmina - CLSA

May 4W sales was a flat +0.6% MoM, +1% YoY to 61,055 units. But shows that we are moving into recovery from the dip in April.

· Beginning June, the 4W sales are expected to recover further to 65,000 units per month, bringing the total FY11 to 802,170 units (up ~5% YoY). Toyota said it expects June sales to be 22,000 units, +12.8% MoM.

· 5M11 sales for both 2W and 4W rose by 16% YoY and 15% YoY respectively (coming from a lower base in 1H10). Astra's 4W market share remains stable in 5M11 at 55% just like last year.

· In 2W market, however, Honda remains the leader with 377,355 units sales in May (+2% MoM, +19% YoY). This put Honda a 9.8% ahead of Yamaha in terms of 5M market share. 2W market in May rose 10% YoY, 0.2% MoM. Negligible impact from the components shortage issues.

· We forecast a 15% YoY growth in 2W domestic sales this year to ~8.5m units. Honda's 5M11 sales of 1.74m units were 45% of our FY11E of 3.91m units (this is assuming 46% market share of Honda). But given strong ytd performance, we believe FY sales can be 5% higher than our original forecast.

· Maintain our positive outlook for Astra (ASII IJ); 2W contributes 15% to the group's earnings, but including financing, it is about 23%. We are reviewing our numbers on Astra. Pls see file for details.
Posted by Saham Pilihan at 08.34

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)