Indonesia Automotive
Analyst: Research Team
5M19 review: Soft Industry Volume
• Industry 4W volume still weak in May-19
• ASII booked wholesales volume of 45.1k units in May-19, implying -5.0% MoM, -7.4% YoY
• Still full of hope in 2H19
• Outlook: maintain NEUTRAL rating with a BUY call on ASII