IDX Trading Community (ITC) - Tidak Terima Titip DANA

2023-07-04 05:54:00 Yeayy LG jg top pick di AUTO dengan TP 4350 long way to go skrg baru 2730 Buka / Bagaimana

2023-07-04 05:53:44 *Automotive Parts Sector - Proxy to Indonesia's Emergence as an Automotive Hub*
_Trimegah – Richard, Willi_
https://bit.ly/autopartstrimegah

We initiate a sector report on automotive part sector as we think prominent automotive-parts players in Indonesia, such as PT Astra Otoparts (AUTO) and PT Dharma Polimetal (DRMA), offer a prime opportunity to tap into the country's thriving automotive sector and position themselves as key players in Indonesia's emergence as an Automotive Hub.

As the domestic 4-wheeled (4W) market expands and exports remain robust, coupled with the ongoing recovery of the 2-wheeled (2W) sales, auto-part manufacturers stand to benefit from the increasing volume. Additionally, with the transition of Indonesia's automotive sector toward Electric Vehicles (EVs), including Hybrid EVs (HEVs) and Battery EVs (BEVs), the government's support for local manufacturing and supply chains for EV components and parts presents further growth prospects. Moreover, the aftermarket and replacement markets hold significant potential due to the continuous growth of the vehicle population and the vast, yet fragmented, market, providing ample opportunities for expansion.

*AUTO is our top pick for the auto-part sector, with a TP of IDR4,350/share based on a 24F PE of 11.9x.* We like AUTO on the back of:
1) valuation re-rating due to its trading business which has exposure in automotive aftermarket replacement and replacement markets (58% contribution on FY22 earnings);
2) structural margin expansion due to automation and operating efficiency;
3) growth prospects as an OEM that is exposed to the EV transition (HEV and BEV) and large replacement market.

*We are also bullish on DRMA because of its superior growth prospect and profitability. We re-initiate DRMA with a BUY and a TP of IDR1,750/share.* Our new target price is set at 13.9x 24F P/E, which we think is justified given the superior margin and high ROE. Buka / Bagaimana

2023-07-04 05:47:38 merah2 biasanya time to BUY / ADD for ACES Buka / Bagaimana

2023-07-04 05:47:23 ACES BOW Buka / Bagaimana

2023-07-04 05:47:12 BRIDANAREKSA (OD)

*ACES BUY TP 840*

Ace Hardware Indonesia (ACES IJ) Boom sale to lift June-July sales
ACES recorded 5M23 SSSG of 3.5% translating into sales of close to IDR3.0tn. Sales should get a timely lift in June and July thanks to the ongoing Boom Sale campaign. Meanwhile, we assume a 46.8% gross margin as the company needs to reduce its inventory days to 250 days from Mar-23’s figure of 279 days. ACES will have its AGM today (June 21, 2023) and we assume a flat payout ratio of 50%, implying IDR19.4 DPS (~3.1% yield). Maintain BUY with an unchanged TP of IDR840 implying 22.7x PE (-0.5SD of 3 normal years). Buka / Bagaimana

2023-07-04 05:45:19 Auto da bagger ya kita Buka / Bagaimana

2023-07-04 05:45:09 CUAN luber2 Buka / Bagaimana

2023-07-04 05:45:00 Modal murah lg kita dì BRIS AUTO Buka / Bagaimana

2023-07-04 05:44:40 BRIS reminder chart kemaren

BRIS:
• Rebound dari support uptrend line jangka menengah di 1,640.
• Potensi rebound lanjutan menuju 1,770/1,820 sebelum menuju target di 2,160.
• Overall BRIS masih berada dalam uptrend. Buka / Bagaimana

2023-07-04 05:39:27 BRIS BUY IF BREAK 1720
Jika mampu break dan bertahan di atas 1720, BRIS berpotensi menguat hingga 1820 dengan target minor 1760.
Stoploss 1655 Buka / Bagaimana