JAKARTA (Yosefardi) – Investors focused buying shares of PT Astra International Tbk (ASII) this morning, lifting the stock by 2.24% to Rp6,825 per share.
The stocks has gained 29% from its bottom in August 27, 2013, but still lost 17% in past one year from its peak of Rp8,300 in March 8, 2013.
Astra will propose a final dividend of Rp 152 per share (2012: Rp 150 per share) at the Annual General Meeting to be held in April 2014. The proposed final dividend together with the interim dividend of Rp 64 per share (2012: Rp 66 per share) will bring the total dividend for the year to Rp 216 (2012: Rp 216).
ASII booked net profit of Rp19.42 trillion in 2013, flat compared to 2012′s profit. Earning per share (EPS) was Rp480. Net revenue increased 3% to Rp193.88 trillion from previous Rp188.05 billion, primarily due to higher automotive sales that were partly offset by a decline in heavy equipment sales.
The outlook for 2014 remains sound, ASII said, although it is expected that there will continue to be heightened competition in the car market and weakness in coal prices, while concerns remain about potential increases in interest rates and rupiah volatility.