Automotive snapshot: Will sector turn the corner next year?

Automotive snapshot
Analyst: Alditya Galih Ramadhan

Will sector turn the corner next year?
• Soared BYD dimmed ASII’s 4W sales, while 2W is flat
• OEM remains our top pick
• Limited impact from recent severe floods in Sumatra
• Slight chance of recovery – We retain a NEUTRAL weighting