External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Equity Bottom-Up

<ul><li>We cut our 4W sales expectation by 5%, resulting in FY25F 4W sales of 900k (+4% yoy), with ASII market share expected to remain at ~56%.</li><li>We cut EBIT est. for financial segment due to slower financing growth and higher CoF, yet expect agri and HE segments to remain strong.</li><li>We cut our FY25F/ FY26F revenue by -2.2%/ -1.7% and net profit by - 0.8%/- 0.7% for. Reiterate Buy rating with a lower TP of Rp5,800.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We cut our 4W sales expectation by 5%, resulting in FY25F 4W sales of 900k (+4% yoy), with ASII market share expected to remain at ~56%.We cut EBIT est. for financial segment due to slower financing growth and higher CoF, yet expect agri and HE segments to remain strong.We cut our FY25F/ FY26F revenue by -2.2%/ -1.7% and net profit by - 0.8%/- 0.7% for. Reiterate Buy rating with a lower TP of Rp5,800.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ASII.IJ -  Finetuning FY25F Est.: Flattish Earnings Due to Lower 4W Growth Expectation

Astra International

ASII.IJ - Finetuning FY25F Est.: Flattish Earnings Due to Lower 4W Growth Expectation