PT Astra International Tbk (ASII), the automotive issuer, managed to sell 223,630 units of cars and 1,778,369 units of motorcycles in the period from January to May 2016.
Thus, Astra International controls a market share of 50.77% of the national car and 72.76% of the national motorcycles in the first five months of this year.
The car market share is based on total national car sales of 440,484 units. PT Toyota Astra Motor (TAM) is still the largest contributor to Astra Group car sales, with sales of 143,433 units in the first five months of this year.
In May alone, Astra’s car sales reached 49,034 units, up 3.59% compared to April 2016 sales of as many as 47,332 units. The company’s management said that the increase in sentiment is triggered by Eid Al-Fitr, where Astra car consumers buy cars for Eid Al-Fitr.
However Astra predicts that car sales will stagnate this year, due to the unstable macroeconomic factors.
PT Investa Sarana Mandiri predicts that stagnation in auto sales will also impact on the growth of earnings per share (EPS) that is expected to grow by 15%. The average EPS growth of Astra in the last five years has been about 10%.(*)
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