Astra International (ASII)
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Site: www.astra.co.id
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Sector: MISCELLANEOUS INDUSTRY
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SubSector: AUTOMOTIVE AND COMPONENTS
PT Astra International
Tbk (ASII) is an investment holding company with interests in the automotive
business, financial services, heavy equipment, agribusiness, information
technology and infrastructure. Astra was established initially as
a trading company based in Jakarta in 1957, Astra continues to grow into one of
the leading company groups in Indonesia with solid support of internationally
renowned strategic partners Since 1990 the Company has been listed on the
Indonesia Stock Exchange, the company name was correspondingly changed to PT
Astra International Tbk. Astra manages six
core businesses, namely Automotive, Financial Services, Heavy Equipment and
Mining, Agribusiness, Infrastructure and Logistics, and Information Technology.
MOTTO:
Per Aspera Ad Astra
AIM:
Prosper with the Nation
ASTRA
PHILOSOPHY:
• To be an Asset to the Nation
• To Provide the Best Service to Our
Customers
• To Respect Individuals and Promote
Teamwork
• To Continually Strive for Excellence
VISION:
• To be one of the best managed
corporations in Asia Pacific with an emphasis on sustainable growth by building
competence through people development, solid financial structure, customer
satisfaction and efficiency
• To be a socially responsible
corporation and to be environmentally friendly
ANALYSIS
|
|
ASII
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JKSE
|
|
Highest
|
0.1002747
|
0.0727
|
|
|
26/05/2010
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26/05/2010
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|
Lowest
|
-0.0944575
|
-0.0888
|
|
|
22/09/2011
|
22/09/2011
|
|
average
return
|
0.0014171
|
0.0008
|
|
Stdev
|
0.0211401
|
0.0126
|
|
CV
|
14.917426
|
15.0955
|
There are many factors that influence the stock fluctuation. It can be
caused by the economic, political, and societal issues that will cause the
market to change. Such as
inflation ,earnings ,oil/energy prices ,war , and fraud. Some of these factor
have serious long-term implications, while others may only cause temporary or
short term implication. The market cannot stand surprises and when there is the
chance that something may change, it will give impact to the market behaviour.
Based on the
graph, the highest point is placed at 26th may 2010, this were happened
resulted to the fluctuation of crude oil price. On may 2010, the crude oil
price keep declining causes the crude oil traders became pessimistic about the
global situation. And this situation give a big impact on the stock market as
stock market and oil price works in opposite direction, with the decreasing of
oil price that were happened,it leads to the increasing of the return of stock
market.
Based on
graph, the lowest point of JKSE and ASII are the same which is at 22nd
September 2011. This market conditions in 2011 are similar to what happened in
2008, The differences is what happened on 2008 were affected by the global
financial crisis while this bottom point at september 2011 happened because of
an ongoing financial crisis resulted from the inability of countries in
particular European country to repay its debt, thus becoming a widespread issue
and global nature. Which also known as the european sovereign debt crisis or
usually referred as Eurozone crisis.
Based on the
calculation using slope function in excel and also regression analysis, I got
the same Beta which is 1,284671. As the definition stated that Beta shows measurement of a stock's volatility in relation to the rest of the market. with beta 1.28 means if the market return is change by 1 than the stock would change by 1.28, this condition can be seen through the graph of stock and market return above. And because of the beta of Astra International is greater than 1 it means that ASII can be classified as aggressive stock.
Main Factors Effect
Astra International Business Risk:
-
financial risk
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Commodity Price Risk
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Risk of Supply and Services Procurement
-
franchise agreements risk
-
Disaster Risk
BCG MATRIX
