Astra International (ASII.IJ): In-Line with Ours, Slightly Above Consensus
We tweak our auto margin assumption from 1.5% to 1% in 4Q24F, reducing EPS by 0.4%. Reiterate BUY with an unchanged TP of Rp5,900.
450 Views
ASII IJ - Non-Japanese Players Steal the Spotlight, but Not at the Cost of ASII’s Market Share
Price discounts were relatively steep at Rp30-60mn (7-9%), yet ASPs for 2025 models have also increased by 1-3%. Opsen tax remains a risk.
282 Views
Astra International - Potential Boost from Rate Cut and Opsen Tax Postponement
The lower interest rate has historically had an inverse correlation with ASII share price and is positive for 4W sales, with a 9-16 months lag.
352 Views
Automotive: FY25 Outlook: Recovery in 4W, Flattish 2W Sales (OVERWEIGHT)
We expect 4W growth of 10% yoy, driven by the resilient middle-upper segment, and higher adoption of hybrids/EV (12-13% penetration rate).
501 Views
Astra International - Raising Our FY24F-FY26F Est.,
ASII posted strong 9M24 earnings (above) due to recovery in auto, along with strong financial and HE segments. We lifted our EPS est. by 10%/13%...
409 Views