In today’s briefing:
- Adi Sarana Armada (ASSA IJ) – Building on Pillars
- Weekly Wrap – 15 Jul 2022
Adi Sarana Armada (ASSA IJ) – Building on Pillars
- Adi Sarana Armada (ASSA IJ) continues to build on its three pillars of growth across transport, used car sales, and logistics including its leading last-mile delivery service under Anteraja.
- The company’s market-leading auto leasing business provides stable revenue and a source of used cars for the auction and online used car business under Caroline.
- Last-Mile delivery player Anteraja is already the largest revenue contributor and increasing profit driver, with significant upside through automation and scale. Valuations attractive after recent correction at 8.3x FY2022E EV/EBITDA.
Weekly Wrap – 15 Jul 2022
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
- Yankuang Energy Group
- Powerlong Real Estate Holdings
- Sawit Sumbermas Sarana
- Vedanta Resources
- Tata Motors Ltd
and more…
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