Astra International

DBS analysts maintain a “constructive” view on Astra International and forecast its FY2026 earnings to come in at around 4 per cent above consensus.
BROKERS’ TAKE

DBS initiates coverage on Jardine C&C with ‘buy’ on ‘strategic exposure’ to Vietnam, Indonesia

Despite increased spending related to elections and Eid holiday bonuses for employees earlier this year, consumers are still holding back on buying new cars.

Indonesia’s auto sales slump as savings erode and borrowing costs rise

The expansion is part of WeLab’s ambitions to grow in the Asia region, after starting a digital bank in Hong Kong in 2020.

Li Ka-shing-backed WeLab launches digital bank in Indonesia

CGS-CIMB estimates Astra’s car market share in Indonesia to rise to 57 per cent in FY2023.

Brokers’ take: CGS-CIMB initiates Astra International with ‘add’

Astra Daihatsu Motor is aiming for construction of the plant to be completed by December 2024.

Indonesia’s Astra Daihatsu Motor starts building 2.9 trillion rupiah car assembly plant

This revision reflected the country’s economic recovery from the pandemic and better terms of trade in Indonesia.

S&P Global bumps up Pertamina, PLN and Astra ratings as Indonesia's credit outlook brightens

An anticipated decline in crude palm oil is expected to cause weakness in profit growth for Astra’s Indonesian palm oil subsidiary, Astra Agro Lestari.

Brokers’ take: UOBKH downgrades Astra to ‘hold’ on rate hikes, crude and coal price concerns

Astra Land taps rising demand for modern warehousing in Jakarta
ASEAN BUSINESS

Astra Land taps rising demand for modern warehousing in Jakarta

Broker's take: UOBKH upgrades Astra International to 'buy' on share price weakness

Broker's take: UOBKH upgrades Astra International to 'buy' on share price weakness