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

Senin, 04 Juli 2011

June car sales rebound by Sarina - CLSA

· Indicative domestic car sales showed a rebound in June to ~68,000 units, +11% MoM, but still (-) 3.4% YoY.

· Hence, 6M11 sales reached 415,200 units, rose by 12% YoY. This makes 6M11 sales 50.5% of our FY11E of 825,887 units (+8% YoY).

· Toyota in June recovered faster than the market, gaining 6% market share from May. Indicative June sales were 26,000 units, up 33% MoM. As a result, Toyota’s market share in June reached 38%. However, 1H11 market share remained stable as of last year at 37%.

· Daihatsu’s sales recovered 6% MoM to 11,083 units. Market share was stable at 16%.

· July is expected to be a good month pre-Moslem festivity. Normally sales will increase by 10-20% MoM. Low MPV will domniate given its affordability; benefiting Astra.

· Indo International Motor Show in July will showcase new models/facelifts. Toyota will launch a facelift for Innova, Fortuner and Hilux. Avanza’s new model is expected to come end of this year or next year.

· Maintain BUY on Astra International (ASII IJ, Tp: Rp75,000). Astra is a key proxy to the region’s consumption story with its strong presence in major sectors of the economy. We expect auto and UT as the main drivers of growth in the future.

Tidak ada komentar:

Poskan Komentar