Astra International (ASII), the country’s largest automotive company, booked a net profit of Rp8.72 trillion in the first quarter (Q1) of 2023, grew 27% year on year (y/y), including the fair value gain on its investment in GoTo Gojek Tokopedia (GOTO) and Hermina (HEAL). The company, however, shared cautious optimism trumpeted by market participants going forward.To subscribe please click here
