In today’s briefing:
- Astra International (ASII IJ) – Autos and Commodities Driving Growth
Astra International (ASII IJ) – Autos and Commodities Driving Growth
- Astra International just held its public expose at which the company reiterated the strong performance in 1H2022 driven by automotive, finance, heavy equipment and commodity-related businesses.
- The momentum will continue into 2H2022 and car sales continue to show strong growth, with the tailwind of higher commodity prices and increased mobility.
- Astra International remains one of our top picks in Indonesia for the ongoing recovery in an environment where commodity prices remain high. Valuations are attractive versus history.
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