Hasil kuartal 4-2011, baik *meeting*, *beating* maupun *missing expectation in most cases* sudah *priced-in*. *What really matters is* proyeksi kuartal sepanjang 2012, dan salah satu grup industri sudah memberikan indikasi awal tahun perdagangan baru 2012 sebagai berikut:
Feb 10 (Reuters) - *Indonesia's domestic motorcycle sales, a key indicator of consumption in Southeast Asia's top economy, stood at 645,863 motorcycles in January, down 2.9 percent from the previous year, data from the Indonesian Motorcycle Industry Association (AISI) showed on Friday.* * * *Sales in January were led by Honda, Yamaha and Suzuki, according to AISI. On a monthly basis, sales grew by 40.2 percent after slow sales in December at 460,535 motorcycles.* * * *Domestic motorcycle sales were seen declining in the fourth quarter of 2011 after severe floods hit regional production in Thailand.* http://www.reuters.com/article/2012/02/10/indonesia-economoy-motorcycle-idUSJ9E7IC05820120210 Sebagaimana respon Credit Suisse dalam *post* kami sebelumnya menanggapi reaksi terhadap perubahan rekomendasi terhadap ASII menjadi *UNDERPERFORM*, sinyalemen bahwa ekspektasi pelaku pasar yang tidak realistis terhadap prestasi pertumbuhan historis grup industri auto tidak hanya di Indonesia tetapi pada negara-negara industri baru di global emerging markets, mendapatkan pembenaran *as far as the recent data go out*. Jelas, *expecting the sky as the limit is not just unsustainable, but it is also so wrong*. *In response to our report, we have received inquiries to whether current valuations may expect expansion in market share in ASII’s auto products. We believe in order to justify current valuations, ASII’s 4W and 2W market shares need to be 70% and 60%, respectively, versus 57.8% and 52.4% maximum market shares achieved by ASII in the past eight years.* [image: CS-ASII Market Share.gif] [image: Tweet +01-Motorbike Sales Drop (10peb2012).gif] -- '+' Follow positif01indo on Twitter: https://twitter.com/#!/positif01indo Persetujuan *request followers* baru diberikan hanya satu kali tiap akhir kuartal maks 500 *request */ diskresi kami.
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