Astra International (ASII IJ): TSR softens fundamental outlook

Astra International (ASII IJ)
HOLD-OPF / TP: IDR:6,500 (+3.2%)
Analyst: Alditya Galih Ramadhan

TSR softens fundamental outlook
• Poised to regain market share this year
• Compliance gaps trigger operational risks
• Ongoing TSR still sugarcoats the outlook
• Upgrade TP to retain our HOLD rating