Astra International Tbk. (ASII) recorded a 0.6% YoY growth in net income to IDR 34.05 trillion, largely in line with our forecasts and exceeding the consensus (97%/102%). The agribusiness and financial segments are the main drivers behind this solid performance, their net incomes rising by 9% and 6% YoY respectively. They also help offset net income declines in the automotive (-2%) and HEMCE sectors (-5%).
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