Monthly Snapshot: Sales of 4W fell short of estimates
Monthly Snapshot Analyst: Alditya Galih Ramadhan
Sales of 4W fell short of estimates • Uptick in 4W sales MoM but they remain below estimates • Price mark-ups continue in FY2024 • Bumpy road foreseen for ICE due to strict fuel use and higher taxes • Outlook: Bodes poorly for sector in 1H24, but BUY on ASII and AUTO
