The association of Indonesia Automotive Industries (Gaikindo)estimate sales volume will decrease by 40%in 1Q11 due to new tax rule,which valid since 2011.
Marketing Director of Astra Daihatsu Motor said that car sales volume will decrease if there is significant increase in Vehicle Transfer Title Fee.
Currently,ASII is trading at PER FY10F and FY11F of 18.8x and 17.2x.
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