Astra International
Indonesia’s auto sales slump as savings erode and borrowing costs rise
Carmakers pin hope on fresh incentives to boost sales as economic woes take their toll
Li Ka-shing-backed WeLab launches digital bank in Indonesia
WELAB, backed by investors including billionaire Li Ka-shing and Astra International, a unit of Jardine Matheson, is launching a digital bank in Indonesia to tap the young and fast-growing economy.
Brokers’ take: CGS-CIMB initiates Astra International with ‘add’
CGS-CIMB has initiated coverage on Astra International with an “add” call and a target price of 7,925 rupiah, and highlighted the stock as one of its top picks among Indonesian large-cap companies.
Indonesia’s Astra Daihatsu Motor starts building 2.9 trillion rupiah car assembly plant
ASTRA Daihatsu Motor, a unit of Indonesian conglomerate Astra International and Japan’s Daihatsu, started construction of its new car assembly plant in Indonesia on Thursday (Feb 2), it said in a stat...
S&P Global bumps up Pertamina, PLN and Astra ratings as Indonesia's credit outlook brightens
S&P Global Ratings on Thursday (Apr 28) revised up its ratings on 3 Indonesian companies - Pertamina, Perusahaan Listrik Negara (PLN) and Astra International - to "stable" from "negative", reflecting ...
Brokers’ take: UOBKH downgrades Astra to ‘hold’ on rate hikes, crude and coal price concerns
WITH lower coal and crude palm oil (CPO) prices expected in 2023 and recent rate hikes, UOB Kay Hian (UOBKH) has downgraded its call on Jardine Matheson unit Astra International to “hold” from “buy” a...
Astra Land taps rising demand for modern warehousing in Jakarta
The joint venture between Astra International and Hongkong Land sets its sights on Indonesian capital amid e-commerce boom, growing logistics market
Broker's take: UOBKH upgrades Astra International to 'buy' on share price weakness
UOB Kay Hian (UOBKH) has upgraded its call on Indonesian conglomerate Astra International to a "buy", but with a lower target price of 6,700 rupiah, as it adjusts for the counter's recent decline.
StanChart, Astra revise sale price for proposed Bank Permata deal
FOR the proposed sale of their stakes in Bank Permata, Standard Chartered (StanChart) and PT Astra International Tbk will receive a total consideration that is 1.63 times the Indonesian lender's book ...
Broker's take: CGS-CIMB downgrades Jardine Matheson to 'hold'
CGS-CIMB has downgraded Jardine Matheson Holdings (JMH) to "hold" from "add", with a lowered target price of US$52.53 from US$61.66 previously.
