PT Astra International Tbk (ASII) is on my watchlist since I enter the stocks market, but the valuation in 2018 does not comfortable for me.
A bit story about why I buy ASII is because one of their products has live with me for the entire my life. Yes, of course, it's a Toyota! From my childhood until now, I'm still using a Toyota for my daily use car. Isn't it too simple to own a stock? Yes. I love the car because the car maintenance fee is low, comfortable to drive, and the air condition of Toyota is another level!
Of course, when I bought ASII in 2019, the valuation for me is sensible. ASII, as you guys may already know it's a holding company of so many subsidiaries. Then why did I buy a holding company when only Toyota that I use in my life?
Out of the topic, It's the same story why I bought Indomie holding company because I like holding company. I'm not an aggressive investor. Therefore I want to keep it safe. Why?
For me, the holding company has its economic moat with multi-sectoral businesses.
Yes, every holding company have their golden subsidiaries that contribute more in earnings of the company. And for that, when the golden subsidiaries sector rises, the holding company will also increase.
When the golden sector plummets, the holding company hopefully will not go down that far. Maybe the other industry of its subsidiaries has contributed to the holding company.
The point is, as an Investor, my main goal is not to look for a multi-bagger. My main goal is to prevent losses or minimize losses as small as possible! So it's my second goal to make a profit from the stock market.
I will write more about ASII more technical at another time. I hope you guys understand that patience is critical in investing.
May this story inspire you guys! Consider subscribing to my blog would be so much joy for me. Keep inspiring someone! Cheers
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