Astra faces Chinese car pressure as DBS keeps IDR 7,500 target for Astra stock

Published on 10/23/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Astra faces Chinese car pressure, with DBS keeping an IDR 7,500 target on October 15, 2026. Astra stock is at EUR 0.22 on October 23, 2026.

Targets and operating pressure

DBS retained an IDR 7,500 target on October 15, 2026.
Astra sold 334,987 vehicles in January through September 2026, up 12.60 percent year over year.
Astra stock trades at EUR 0.22 at 9:36 a.m. CEST at Lang & Schwarz on October 23, 2026.
An investor day is expected in November 2026.

Astra, ID1000122807, Illustration mit AI erstellt.

Astra International (ID1000122807) faces tougher Chinese automotive competition in Southeast Asia as DBS retained an IDR 7,500 target on October 15, 2026, according to IDX Channel. The report also identified an investor day in November 2026 as a potential test of Astra's capital-allocation plans.

Chinese competition meets a broad recovery

The operating picture is mixed. Astra sold 334,987 four-wheel vehicles excluding low-cost green cars from January through September 2026, up 12.60 percent from the same period a year earlier, while its market share stood at 46 percent, Kontan reported on October 14, 2026. September sales of 36,723 units were below 36,824 units in August and 39,069 units in July.

That volume growth has not removed margin pressure. The same report said Astra's automotive and financial-services businesses remained resilient in the first half of 2026, while mining and heavy-equipment solutions faced weaker conditions.

Three target signals in October

The recent analyst sequence shows a wide valuation spread. On October 5, 2026, UOB Kay Hian retained a Buy rating and an IDR 7,100 target, according to IDX Channel. On October 12, 2026, a summary from Receh.in put three targets between IDR 5,700 and IDR 7,100, from UOB Kay Hian, Macquarie and RHB. DBS then kept the IDR 7,500 target on October 15, 2026.

What comes next for Astra?

The November 2026 investor day could give investors more detail on Astra's three core businesses, capital recycling and financial objectives. The October 15 report also highlighted risks from Chinese competition, higher financing costs and weaker consumer purchasing power.

Price and market value

On the IDX, Astra's stock was quoted at IDR 4,550 on October 23, 2026 at 2:33 p.m. WIB during open trading. Its market capitalization was IDR 181.6 trillion as of the same finance snapshot. At that level, the DBS target is 64.84 percent above the IDX price, but the two quotations belong to different venues and currencies.

Astra's investor-relations page lists 40,483,553,140 shares outstanding as of September 30, 2026 and an interim-dividend disclosure dated October 2, 2026, according to Astra International.

Trading indication

The euro quotation was in the pre-market phase for Xetra investors. Astra stock was trading at EUR 0.22 at Lang & Schwarz on October 23, 2026 at 9:36 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Astra stock.