Astra's Shares Plummet After BYD Enters Indonesian Market

Transportation & Logistics

Lite

Erlina Fury Santika 25/01/2024 20:50 WIB

URL has been copied

Memuat...

Yahoo Finance data shows that the stock price of PT Astra International Tbk (ASII) has been steadily declining for the past two weeks. This is reportedly due to the impact of BYD's entry into the Indo

PT Astra International Tbk/ASII Stock Movement (January 25, 2023 - January 25, 2024)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Astra's Shares Plummet After BYD Enters Indonesian Market

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

PT Astra International Tbk/ASII Stock Movement (January 25, 2023 - January 25, 2024)

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT Astra International Tbk (ASII) share prices have been steadily declining since two weeks ago. This downward trend coincides with the entry of Build Your Dream (BYD), the world's largest battery-based electric vehicle manufacturer, into the Indonesian market.

BYD officially entered Indonesia on January 18, 2024. According to Katadata, the Chinese automaker plans to invest Rp 20 trillion and build a factory in the country.

The entry of BYD is cited as the reason for the decline in ASII shares, leading to a significant sell-off by foreign investors over the past two weeks.

Yahoo Finance data shows that ASII's share price was Rp 5,600 per share at the close of trading on January 12, 2024. The following day, it dropped to Rp 5,525 per share.

ASII shares continued their downward trend, reaching Rp 5,225 per share on January 22, 2024. The latest price recorded was Rp 5,050 at the close of trading today, Thursday, January 25, 2024.

Today's share price is down 15.12% compared to January 25, 2023, when it was Rp 5,950 per share.

(Read also: Officially Entering Indonesia, What is the Global Sales Trend of BYD Electric Vehicles?)

Hadi Soegiarto, Head of Research at CGS-CIMB Sekuritas Indonesia, told Katadata that foreign investors are simply equating the impact of electric vehicle entry in developed countries with that in Indonesia. He believes that the market share of Japanese cars distributed by ASII, such as Toyota and Daihatsu, remains strong in Indonesia.

He argues that electric and non-electric vehicles each have their own market share. The entry of BYD does not automatically threaten non-electric vehicles in Indonesia.

"And I think there are other brands that will be affected before Toyota. Because people's considerations are different," Hadi told Katadata, quoted on Thursday (25/1/2024).

Hadi still recommends buying ASII shares. He is optimistic that ASII will continue to grow with its market share in Indonesia.

(Read also: Foreign Investors Heavily Sell Astra Shares After BYD's Entry, Analyst Says)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Despite Weakening, IDX Composite Remains at the 8,600 Level (Friday, December 5, 2025)

Number of Motor Vehicles in Denpasar City (December 3, 2025)

IDX Composite Weakens While Many Stock Sectors Gain (Wednesday, December 3, 2025)

Number of Motorized Vehicles in Malinau Regency (December 2, 2025)

Number of Motor Vehicles in East Manggarai Regency (December 1, 2025)

IHSG Strengthens as Many Stocks Weaken (Monday, December 1, 2025)

Latest Data Stories

Warning! Mount Semeru Erupts Again Tonight (Friday, December 5, 2025) Demographics 05/12/2025, 22:50 WIB

Tapin Weather Forecast February 18 - March 2 Demographics 05/12/2025, 22:46 WIB

Mount Ibu Erupts Again Tonight (Friday, December 5, 2025) Demographics 05/12/2025, 22:19 WIB

Other Service Sector PDRB ADHK 2013-2024 Technology & Telecommunications 05/12/2025, 20:42 WIB

10 Most Polluted Regions in Indonesia Tonight (5/12) Consumer Services & Health 05/12/2025, 19:48 WIB

Today's Food Prices (05/12) in Aceh: Onions Up, Red Chili Down Economics & Macro 05/12/2025, 18:51 WIB

Download

Source

Astra's Shares Plummet After BYD Enters Indonesian Market

Astra's Shares Plummet After BYD Enters Indonesian Market

Tags

Related Data

Despite Weakening, IDX Composite Remains at the 8,600 Level (Friday, December 5, 2025)

Number of Motor Vehicles in Denpasar City (December 3, 2025)

IDX Composite Weakens While Many Stock Sectors Gain (Wednesday, December 3, 2025)

Number of Motorized Vehicles in Malinau Regency (December 2, 2025)

Number of Motor Vehicles in East Manggarai Regency (December 1, 2025)

IHSG Strengthens as Many Stocks Weaken (Monday, December 1, 2025)

Latest Data Stories

Popular Data

Astra's Shares Plummet After BYD Enters Indonesian Market

Astra's Shares Plummet After BYD Enters Indonesian Market

Tags

Related Data

Despite Weakening, IDX Composite Remains at the 8,600 Level (Friday, December 5, 2025)

Number of Motor Vehicles in Denpasar City (December 3, 2025)

IDX Composite Weakens While Many Stock Sectors Gain (Wednesday, December 3, 2025)

Number of Motorized Vehicles in Malinau Regency (December 2, 2025)

Number of Motor Vehicles in East Manggarai Regency (December 1, 2025)

IHSG Strengthens as Many Stocks Weaken (Monday, December 1, 2025)

Latest Data Stories

Trending Topics

Popular Data