Astra International stock outlook improves as profit view rises
Published on 11/11/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit outlook improves amid market pressure
- BRI Danareksa raised its 2026 net-income estimate for Astra International to IDR 29.1 trillion.
- Automotive profitability improved, but four-wheel market share remained under pressure in the third quarter.
- United Tractors is expected to provide an important earnings contribution in the fourth quarter and in 2027.
Astra International stock remains in focus after BRI Danareksa analyst Abida Massi Armand raised her 2026 net-income estimate for PT Astra International Tbk to IDR 29.1 trillion, according to Kontan on Wednesday, November 11, 2026.
Astra reported net income of IDR 21.6 trillion for the first nine months of 2026, leaving about IDR 7.5 trillion to reach the analyst's full-year estimate. The forecast was raised by 5.3 percent, with stronger automotive profitability and United Tractors seen as the main supports for the fourth quarter.
Automotive recovery meets tougher competition
Kontan reported that profit in Astra's two-wheel vehicle business increased 18 percent year on year in the third quarter, while the components business gained 34 percent. The operating margin for four-wheel vehicle distribution also improved to 2.4 percent from 1.6 percent in the previous quarter.
The recovery has not yet translated into a broader four-wheel market position. Astra's market share fell to 46.5 percent in the third quarter from 50.9 percent in the first half, with Chinese brands, particularly in electric vehicles, intensifying competition. Management expects full-year four-wheel market share to remain below 50 percent.
United Tractors remains a key earnings driver
United Tractors is expected to support Astra's fourth-quarter and 2027 earnings outlook. Kontan cited better prospects for heavy equipment and mining, supported by stronger metallurgical coal prices and diversification into gold.
Astra International stock traded at 0.27 euros on Lang & Schwarz at 16:41 CET on Wednesday, November 11, 2026.
Astra International at a glance
- Company: PT Astra International Tbk
- ISIN: ID1000122807
- Trading venue: Lang & Schwarz
- Quote: 0.27 euros at 16:41 CET on Wednesday, November 11, 2026
- Shares outstanding: 40,483,553,140 as of October 31, 2026
Indonesia's broader equity backdrop remains relevant for Astra through the IDX Composite.
Investors should weigh the improved earnings outlook against weaker automotive market share and potential foreign-selling pressure linked to possible MSCI changes. Astra's investor-relations page lists the company's shareholder information and 2026 corporate disclosures at Astra International investor relations.
