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)
172 Views
Astra International (ASII) - 1Q24 Preview: Possible Decent Headline Figures
We expect consolidated 1Q24E revenue and NP of ~Rp76-77t/~Rp8.5- 8.6t, hence possible inline revenue but earnings ahead vs seasonality. Despite...
263 Views
Astra International - Pinning Hopes on Lebaran and New Models
ASII expects to launch new PHEV/BEV in the next 2 years. In 2024, ASII is looking to launch Avanza/Rush HEV, which should improve 4W sales
420 Views
Astra International (ASII) - Hybrid Incentive Are Off for Now
Hybrid subsides, however, are not inline with the government’s goal. This puts ASII at a disadvantage. Reiterate HOLD rating on ASII
281 Views
Astra International - Inline FY23 Earnings, Seasonal Weaker Auto Segment in 4Q23
ASII proposes dividends of Rp421/share (8% yield), which is historical high, ex-FY22. Maintain Hold rating and TP of Rp 5,700
412 Views