Astra International (ASII IJ): Tactical tilts are under way

Astra International (ASII IJ)
BUY / TP: IDR:5,800 (+20.6%)
Analyst: Alditya Galih Ramadhan

Tactical tilts are under way
• Below our expectation
• Drag on automotive sales; forecast cuts
• Diversification buffers the softening sectors
• Slowdown in hefty contributors – TP downgraded to IDR5,800