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4-Traders Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  Astra Agro Lestari Tbk PT    AALI   ID1000066004

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PT Astra Agro Lestari Tbk : Astra Agro 2013 Average CPO Price Likely Around IDR7,000/kg -Executive

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04/23/2013 | 02:09pm CEST
   By Linda Silaen 
 

JAKARTA--Major Indonesian palm oil producer PT Astra Agro Lestari (AALI.JK) expects its average selling price to reach around 7,000 rupiah ($0.72) a kilogram this year, improving from the first-quarter price, on the backdrop of lower inventories in top producing countries Indonesia and Malaysia.

"It's quite difficult to predict this year's average price, but we expect it to be around IDR7,000/kg," underpinned by expectations that inventories in Southeast Asia could ease further, Widya Wiryawan, president director, told reporters after the company's annual shareholders' meeting.

He added that Astra Agro's average price was around IDR6,500/kg in the first three months of the year.

Oil palm yields in Southeast Asia remained weak in the January-March period, helping to lower stocks at a time when export demand is still sluggish.

Market participants and analysts said inventories may fall again in the May-June period as buyers usually commence purchases a few months before the Muslim fasting month of Ramadan--which starts in July this year. Consumption of cooking oil rises during this period as Muslims break fasts with evening feasts.

Earlier Tuesday, Astra Agro reported that first-quarter net profit fell 5.7% to IDR356.4 billion from IDR377.9 billion a year earlier due to lower CPO prices. It sold 382,900 tons in the quarter ended March, 28% higher than a year earlier.

In a bid to limit its dependence on CPO, the company aims to start its 2,000-ton-a-day olein plant in Mamuju in West Sulawesi by the end of the year.

Mr. Wiryawan also said the company has set aside 2,000 hectares where it plans to plant rubber.

Shie-Lynn Lim in Kuala Lumpur contributed to this article.

Write to Linda Silaen at [email protected]

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Financials ( IDR)
Sales 2017 15 532 B
EBIT 2017 3 034 B
Net income 2017 2 048 B
Debt 2017 3 108 B
Yield 2017 2,72%
P/E ratio 2017 13,44
P/E ratio 2018 13,28
EV / Sales 2017 2,00x
EV / Sales 2018 1,89x
Capitalization 27 908 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 17 459  IDR
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Santosa President Director
Widya Wiryawan President Commissioner
M. Hadi Sugeng Wahyudiono Deputy Director-Research & Development
Sin Cheok Chiew Vice President Commissioner
Soemadi Djoko M. Moerdjono Independent Commissioner
Sector and Competitors
1st jan.Capitalization (M$)
ASTRA AGRO LESTARI TBK PT2 065
IOI CORPORATION BHD--.--%6 760
GOLDEN AGRI-RESOURCES LTD-10.59%3 611
AAK AB (PUBL)5.09%3 338
FIRST RESOURCES LTD-0.26%2 216
XIWANG FOODSTUFFS CO LTD--.--%1 457