Sales Of Electric Motorcycles Rise, Shares Of Positive Catalyst Celebrity Producers

JAKARTA - PT Gaya Abadi Perfect Tbk (SLIS) plans to hold a corporate action in the form of additional capital with a right issue scheme. This is in line with the company's increasing sales of electric motorcycles.

"The company will soon take corporate action in the form of additional capital with a rights issue scheme. This can be used by market participants to accumulate share ownership in the company with clear and bright business prospects," said SLIS Operations Director Wilson Ng quoting Antara.

Wilson revealed that the electric-based motor vehicle manufacturer recorded sales of motorcycles reaching 615,416 units as of January 2023, or an increase of 38.6 percent year on year (yoy) and 27.3 percent month to month (mtm), with the main support being electric motors.

This achievement exceeded the level before the COVID-19 pandemic by 8.1 percent yoy, or 569,126 units in January 2019.

As a company with TKDN above 60 percent, he continued, the company recorded exports of 250 units of IOI electric bicycles to Malaysia for E-Bike Sharing in the campus area, as well as main suppliers for 3 thousand electric motorcycles in the Bogor City Region.

Wilson said that SLIS has a mission to provide one-stop solutions for users of light electric vehicles in the country. "To achieve that, the company continues to provide affordable products with quality, integrated consumer services with technology, efficient and standardized," said Wilson Ng.

He explained that the company has long focused on developing the electric vehicle business, including having established relationships with various companies such as Bank BRI, Bank BTN, Indofood, Sharp, Two rabbits, Astra Otoparts, Angkasa Pura and others.

He continued, since 2019 the company has formed partnerships with Grab Wheels in the procurement of electric vehicles used by GrabFood partners as many as 4,000 units, and together with Bank BTN, the company supplies Cellis Reccycle Trike or electric waste carts for the Environmental Service in Bogor City.

Then, the company was appointed by Bank Mandiri in the procurement of 36 units of electric vehicles for operations in 11 Region III or Jabodetabek Areas, as well as as suppliers of environmentally friendly operational vehicles for the Board of Directors of PT Bayan Resources Tbk (BYAN) in the form of Golf Cart.

On this occasion, Bahana Sekuritas analyst Dimas Wahyu said that SLIS shares have a bright performance prospect when referring to the company's positive financial data in 2022.

According to him, the support for SLIS shares is at level 173 with the first resistance target at level 193, and the next resistance will break through 212.

"With the increasing demand for electric vehicles, it will boost production itself to meet the market and this will be a positive catalyst for future performance," said Dimas.

For information, SLIS recorded a net profit of IDR 42 billion throughout 2022, an increase of 67.42 percent yoy from the previous IDR 25.18 billion in 2021, supported by sales which reached IDR 487.15 billion in 2022, or an increase of 8.65 percent previously IDR 448.36 billion in 2021.