Wednesday, July 5, 2017

JCNC update

Auto vs non auto split 64% auto
NAV split 80% Indon 4% Siam City Cement 8% Vietnam 3% Singapore and others including Myanmar, Tunas Ridean, C&C Malaysia and REE VN

Market share
Vietnam 40%
Indon 55% for cars 70% for bikes

Discount to NAV 10% (historical), currently 20%

Pertama NPL less than 5%

Ownerships
50% Astra
59% C&C Malaysia
44% Indon auto dealership Tunas Ridean
32% Truong Hai Auto Vietnam
100% C&C SG

NP USD 700 FCF USD 700m

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