GS memo on Astra International known for ASII at IDX is still being kept intact since March 28, 2011. No further adjustment needed in near future as the main catalyst of auto-industry, Japan's economic outlook, would still take a long road for a better improvement.
ASII is cut from Neutral to SELL with price target of Rp49.000 citing higher auto taxes, supply constraints after Japan’s disaster and increased cost pressures. '+'
