Astra International's Headwinds Largely Viewed as Priced In — Market Talk

Astra International's headwinds are largely viewed as priced in, Maybank Sekuritas Indonesia's Paulina Margareta says in a research report as the brokerage retains its buy call. Headwinds include lower automotive market share, which are mostly reflected in the current valuation, the analyst says. Also, management has unveiled a roadmap focused on delivering sustainable total shareholder returns, emphasizing areas such as greater portfolio discipline and capital allocation efficiency. However, the brokerage cuts its 2026-2027 earnings forecasts for the Indonesian conglomerate by 11%-12% and lowers the stock's target price to 5,500.00 rupiah from 6,700.00 rupiah. Shares are 1.3% higher at 4,760.00 rupiah. ([email protected])