Analisa Saham ASII
ID – [ASII IJ]: Astra’s 3Q18 cars wholesale jumped 23.4% QoQ
Andrey Wijaya - RHB Sekuritas
Astra’s 3Q18 4W vehicles wholesale jumped 23.4% QoQ (to 156,100 units).
Its market market shares rose to 51.6% in 3Q18 (from 48.4% in 2Q18).
Robust 3Q18 wholesale growth was boosted by Toyota (+24.6% QoQ), partly driven by higher Toyota Rush sales.
While, Daihatsu and Isuzu also recorded strong sales growth (+21.4% QoQ and 21.8% QoQ, respectively).
We see near term catalyst on Astra 4W sales is new Avanza model launch.
Maintain BUY on Astra with IDR9,200 TP, implies to 14-13x FY19-20F P/Es, 32% upside.
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Saham ASII masih bergerak sideways dalam range lebar dikisaran area trading 6.600-7.600. Saat ini ASII mencoba untuk bertahan di area support kisaran 6600-6700. Apabila mampu bertahan di support tersebut dan dapat rebound menguat, maka ASII akan menguji area resistance kisaran 7.500-7.600 kembali. Indikator teknikal Stochastic telah golden cross, sedangkan penurunan MACD mulai tertahan dan berbalik arah. Diharapkan MACD dapat golden cross menyusul Stochastic, sehingga saham ASII dapat bergerak positif lagi. Apabila nantinya ASII dapat menerobos keatas 7.600, maka saham ini akan kembali ke trend bullish.
Rekomendasi: Buy. Stoploss jika gagal bertahan di 6.600.
http://step-trader.com/2018/10/16/asii-still-on-consolidation-what-next/
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