Astra International - Possible Earnings Beat, Driven by Strong Financials and Qoq HE Improvement
We expect ASII’s 1H24 auto revenue/OP to decline by -13%/-45%, and financial segment revenue/OP to expand by 12%/18% yoy.
323 Views
Astra International - Challenges from Used 4W, but Expect 2H24F Sales to Improve from 1H24
Used 4W sales have gained traction rapidly since 2020, in which year used 4W sales grew by 8% yoy, outpacing new 4W sales (-44% yoy).
210 Views
Astra International - Expect New Models to Boost 2H24F Sales
We raise our FY24F net profit forecast by 1.4% on higher auto margin assumptions. Rating upgraded to Buy with a TP of Rp5,100.
133 Views
Astra International - KTA from Call with the CFO
ASII retains its confidence in hybrid 4W expansion, given the current needs and infrastructure availability in Indonesia.
186 Views
Astra International - Lowering FY24-25F Est. And TP Amid Weaker Auto Sales Outlook
4M24 2W sales reached 2.1m units (-1% yoy; inline), while 4W wholesales remained weak at 263k units (-23% yoy, below our f’cast)
162 Views