Astra International (ASII IJ): Hefty earners continue to reshuffle

Astra International (ASII IJ)
BUY / TP: IDR:5,500 (+12.2%)
Analyst: Alditya Galih Ramadhan

Hefty earners continue to reshuffle
• Results in 2Q25: QoQ marks upturn due to business variations
• Auto margin: 4W narrows, cushioned by resilient 2W
• Portfolio shifts to keep up with the pack
• Re-iterate BUY with lower TP of IDR5,500