PT A STRA O TOPAR T S Tbk COMP A NY UPD ATE - Sinarmas ...
PT A STRA O TOPAR T S Tbk COMP A NY UPD ATE - Sinarmas ...
PT A STRA O TOPAR T S Tbk COMP A NY UPD ATE - Sinarmas ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Chart 11: Tin (USD/T)Chart 12: Lead (USD/T)<strong>PT</strong> A<strong>STRA</strong> O<strong>TOPAR</strong>TS <strong>Tbk</strong> <strong>COMP</strong>A<strong>NY</strong> <strong>UPD</strong><strong>ATE</strong>Source: BloombergChart 13: Hot-Rolled Coil Steel (USD/T)Source: BloombergChart 14: Steel (USD/T)Source: BloombergChart 15: Margin Comparison-we are concerned withAUTO’s lack of bargaining power and should it fail todemand for price increase, margin will deteriorate furtherthreatening its overall profitability.Source: BloombergChart 16: Revenue Breakdown-the low marginmanufacturing will still dominate while the firmexpands its trading and retails division throughexpansion of ‘Shop & Drive’.Source: Company data, <strong>Sinarmas</strong> Sekuritas ResearchSource: BloombergPage 5
Change language