Research

ASII: Should Jardine Sell Astra?

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Algo Research Team

Company | Jul 09, 2024 | Views: 4538

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Key Summary:

  • In the past 10 years, ASII stock has underperformed IHSG & Time Deposits
  • Will Jardine divest given lack of growth & pushbacks from global investors?
  • Yet, Jardine is still heavily reliant on ASII with 44% earnings contribution

Astra International (ASII) is a leading Indonesian conglomerate with its renowned diversified business interests spanning from automotive, financials, heavy equipment, agriculture, information technology and infrastructure.


The company is majority owned by Jardine Cycle & Carriage with 50.1% ownership and the remaining 49.9% by public.

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