Astra CPO output declines 0.6%
PT Astra Agro Lestari (AALI) Tbk reported CPO production of 78,520 tons in January 2010, declined slightly by 0.6% from January 2009, while PKO output dropped 4.7%.
AALI produced 1.08 million tons of CPO last year, increased 10.3% from 2008 on higher harvested FFBs (+9.1%) and the processed FFBs (+7.6%). But sales grew at lower percentage of 8.8%. The average selling price for AALI's CPO last year was Rp6242 per Kg, declined 12.5% from 2008 at Rp7134 per Kg.
AALI stock is currently traded at Rp23600 (increased 2.83% this morning), doubled from Rp11850 in March 2009. At the current price, Astra Agro has market capitalization of Rp37.146 trillion or about US$4 billion. The company is the 16th largest company on IDX by market capitalization. (Teguh Hidayat, yosefardi.com)