Astra (ASII)’s 4W vehicles wholesales came lower at 47,500 units in September while motorcycles declined to 425,500 units – thus its cars market share fell to 51.1% and its stake in the motorcycles segment increased slightly to 70.5% during this period. Maintain SELL and IDR5,650 TP (12% downside), which implies 15x/12x FY15F/FY16F P/Es. The firm is to launch the new...