Indonesia's fourth largest radial tire maker PT Multistrada Arah Sarana Tbk (MASA) is expected to reach a net income above its target last year.
A source said the producer of Achilles, Strada, and Corsa is estimated to book Rp176.08 billion of net income last year from Rp174.86 billion in 2009. Net sales last year is expected to rise 24.26% to Rp2.1 trillion from Rp1.69 trillion in the previous year. In 2011, the company is eyeing Rp220 billion-Rp230 billion net profit at end of 2011.
Disclosure: No position at the stock mentioned above.
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