Aldira Sunrise 12 Juni 2024

Automotive: May car sales decline 13.3% yoy
Despite sluggish market conditions, Gaikindo still maintains its projection for car sales of 1.1M units in 2024. Based on the latest data received by Bisnis, wholesale car sales in May 2024 reached 71,263 units (-13.3% yoy). In line, retail sales declined to 72,137 units (-12.6% yoy). Cumulatively, wholesale sales in 5M24 reached 334,969 units (-21% yoy) and retail sales were also sluggish at 361,698 units (-14.4% yoy). (Bisnis Indonesia)
ASSA continues to expand its business lines
Adi Sarana Armada (ASSA) is expanding the land of several ASSA Rental branch offices such as in Bali, Lampung, Solo, Surabaya and Manado to accommodate the high demand for vehicle rentals. As of the end of Mar 24, the Company has 18 branches and 22 outlets with a fleet of 30 thousand vehicles. For FY24, the Company will allocate IDR 1.3-1.5T in capex, which will be used to purchase new vehicles. (Kontan)
DVLA is ready to distribute dividends of IDR 72.8B
Darya-Varia Laboratoria (DVLA) decided to distribute cash dividends worth IDR 65 per share. By calculating the number of shares outstanding at 1.12B, the total value of DVLA dividends reaches IDR 72.8B. The agreed dividend per share (DPS) for the FY23 net profit is IDR 108 per share. However, this includes the interim dividend paid in Nov 23 of IDR 43 per share. (IDX Channel)
GOTO AGMS approves IDR 3.2T buyback
The Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) of GoTo Gojek Tokopedia (GOTO) officially approved several agenda items, one of which was approval for the company’s share buyback. GOTO will buy back shares on the market from public investors worth IDR 3.2T or the equivalent of USD 200M. (Bisnis Indonesia)