JP Morgan - Astra Group - previews of Q1 outlook

Aditya Srinath raised estimates and price targets on Astra group stocks. The change in estimates is not readily available in the report (by request to Aditya), but price target for ASII is upped to Rp45k from Rp41k, AALI downed to Rp26k from Rp26.7k, and UNTR upped to Rp21k from Rp16.3k. The new estimates put ASII on 13.5x, AALI on 19.6x, and UNTR on 15.6x 2010. The new price targets imply a 5% upside to ASII, 9% upside to AALI, and 8% upside to UNTR.