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The result release was disappointing for this one. But let us hope that this is merely a blip. We still have two more months before the year ends. When Covid lockdowns lifted, we may have better business. But for now, we must accept the lower revenue.
Performance
The Group&rsquo s consolidated net revenue for first nine months of 2020 was Rp130.3 trillion, a decrease of 26% compared with the same period last year. Net income, including the gain from the sale of the Group&rsquo s investment in Permata Bank was Rp14.0 trillion, 12% lower than the first nine months of 2019. Excluding this one-off gain, the Group&rsquo s net income would have decreased by 49% to Rp8.2 trillion, primarily due to weaker performances by its automotive, heavy equipment and mining, and financial services divisions, as a result of the impact of the COVID-19 pandemic and related containment measures, and lower coal prices.
The net asset value per share at 30th September 2020 was Rp3,822, 5% higher than the net asset value per share at 31st December 2019.
Net cash, excluding the Group&rsquo s financial services subsidiaries, was Rp4.4 trillion at 30th September 2020, compared with net debt of Rp22.2 trillion at the end of 2019, following the receipt of proceeds from the sale of the Group&rsquo s investment in Permata Bank in May 2020. Net debt of the Group&rsquo s financial services subsidiaries decreased from Rp45.8 trillion at the end of 2019 to Rp43.0 trillion at 30th September 2020.
The Group&rsquo s consolidated net revenue for first nine months of 2020 was Rp130.3 trillion, a decrease of 26% compared with the same period last year. Net income, including the gain from the sale of the Group&rsquo s investment in Permata Bank was Rp14.0 trillion, 12% lower than the first nine months of 2019. Excluding this one-off gain, the Group&rsquo s net income would have decreased by 49% to Rp8.2 trillion, primarily due to weaker performances by its automotive, heavy equipment and mining, and financial services divisions, as a result of the impact of the COVID-19 pandemic and related containment measures, and lower coal prices.
The net asset value per share at 30th September 2020 was Rp3,822, 5% higher than the net asset value per share at 31st December 2019.
Net cash, excluding the Group&rsquo s financial services subsidiaries, was Rp4.4 trillion at 30th September 2020, compared with net debt of Rp22.2 trillion at the end of 2019, following the receipt of proceeds from the sale of the Group&rsquo s investment in Permata Bank in May 2020. Net debt of the Group&rsquo s financial services subsidiaries decreased from Rp45.8 trillion at the end of 2019 to Rp43.0 trillion at 30th September 2020.
Mocha_frosco ( Date: 27-Oct-2020 14:34) Posted:
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26th October 2020 PRESS RELEASE PT ASTRA INTERNATIONAL TBK (the Company or Astra) 2020 THIRD QUARTER FINANCIAL STATEMENTS Highlights Net earnings per share down 49% (before gain on sale of investment in Permata Bank) Car sales down by 51%, while motorcycle sales fell by 38% Increased loan loss provisions in Financial Services Lower coal prices impact heavy equipment sales and mining contracting volumes Agribusiness benefits from higher crude palm oil prices Strong balance sheet &ldquo The Group&rsquo s overall performance in the first nine months of 2020 was lower compared to the same period last year, mainly due to the COVID-19 pandemic, although the Group&rsquo s performance in the third quarter showed some improvement compared to the second quarter as pandemic restrictions were partially eased. The Group&rsquo s balance sheet remains strong. It is expected that the pandemic, and measures taken to contain it, will persist for some time and will continue to have an adverse impact on the Group&rsquo s results for the remainder of the year.&rdquo
Power stock! Indeed more power to come. 5 bagger potential maybe?
ozone2002 ( Date: 26-Oct-2020 15:26) Posted:
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Last:19.06 
+0.15
crossed $19, bottomed out and ready to switch to rally mode
gd luck dyodd
+0.15crossed $19, bottomed out and ready to switch to rally mode
gd luck dyodd
ozone2002 ( Date: 21-Oct-2020 19:34) Posted:
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powering the powered power
By and large, Yes.
AttasBoss ( Date: 22-Oct-2020 10:03) Posted:
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o..then will much level depends on indonesia covid control and economics
Mocha_frosco ( Date: 22-Oct-2020 09:13) Posted:
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Mainly Indonesia ASTRA
AttasBoss ( Date: 22-Oct-2020 09:12) Posted:
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The revenue is mainly from which country?
my chips on the table small small nia....
St.Maximus ( Date: 22-Oct-2020 09:10) Posted:
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This is not kopi money stock. This is 10 bagger
started placing my shorts since 18.86.... will cover all today after ~ -40% retracement. some kopi money
If u comfortable, just buy and hold
Last:18.64 +0.11
breaking out from downtrend
moving higher
recovery play
gd luck dyodd
+0.11breaking out from downtrend
moving higher
recovery play
gd luck dyodd
Naturally. But what I am saying is that it has the potential to go to $185 one day.
NT1825 ( Date: 20-Oct-2020 16:32) Posted:
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went up high 2nd straight day upto 18.65 but some profit taking kicked in ....
Used to be a 10 bagger. i.e. share price rose 10 times in the past. Now no longer, but who knows still can one day!
Jardine leh!
Mocha_frosco ( Date: 20-Oct-2020 15:17) Posted:
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wah power....