Industry Updates
Indonesia Automotive: 4M19 review: Sluggish Industry Volume
Indonesia Automotive
Analyst: Vincent Yunnaraga
4M19 review: Sluggish Industry Volume
• 4W industry volume has yet to pick up
• Astra 4W sales weakening in Apr-19 but slower than industry
• Easing pressure from direct competition
• Outlook: maintain NEUTRAL rating with a BUY call on ASII