Wolf Money(PT Astra Int’l 1H 2024 result)

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(Fair value adjustment in Goto and Hermina caused an additional 5% drop in net profit)

Result for PT Astra Int’l was within guidance of the management. 2Q result was down 9% compare to 1Q 14% drop. 2Q had a 5% improvement from 1Q. The management guide for resiliency for the rest of the year given their diversification across different industries. Mining and heavy machinery sales were the weak spots. More commentary in the upcoming portfolio update. God bless.

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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