Astra International (ASII IJ): Flattish earnings amid operational shifts

Astra International (ASII IJ)
BUY / TP: IDR:6,200 (+25.8%)
Analyst: Alditya Galih Ramadhan

Flattish earnings amid operational shifts
• In line with our mark, with a slight beat vs consensus
• FS defended the dynamic auto sector
• Strategy onward: stable payouts and synergy enhancement
• Minor corrections ahead – We retain our TP