Maybank Sekuritas Projects AUTO Stock to Reach Rp 3,200

Positive Outlook for Astra Otoparts

Maybank Sekuritas has maintained its buy recommendation for PT Astra Otoparts Tbk (AUTO), setting a target price of Rp 3,200 per share for 2026. This projection is based on several key factors including a price-earnings ratio (PER) of 6.7x for 2026, which is considered favorable.

Key Drivers of the Projection

1. Stronger Profit Margins: The company is expected to achieve profit margins that are stronger than previous estimates.
2. Increased Export Contributions: AUTO is likely to benefit from increased export activities, contributing positively to its financial performance.
3. Positive Updates from Associated Entities: Contributions from associated entities are also expected to be positive, further supporting the stock's potential.

Current Market Position

As of January 8, 2026, at 12:00 WIB, AUTO shares were trading at Rp 2,750, down 0.72% from the previous day. This current price point suggests that the stock still has potential upside given Maybank Sekuritas' target price of Rp 3,200.

Investment Implications

The recommendation from Maybank Sekuritas indicates confidence in AUTO's growth potential. Investors may consider this projection in their investment decisions, keeping in mind the factors driving the target price.