Blue Bird Indonesia's Non-Taxi Business Likely Driving Growth -- Market Talk

Dow Jones

Oct 23, 2025

0724 GMT - Blue Bird Indonesia's non-taxi business is likely driving growth, Nomura's Ahmad Maghfur Usman says in a research report. The taxi operator has a competitive edge in the non-taxi segment, particularly in areas including shuttle and bus services, thanks to its high delivery on service-level agreements, the analyst says. Revenue contribution from the Indonesian company's non-taxi segment increased to 29% in 2024 from 16% in 2016, which Nomura attributes to the company's advantage in the mobility business. Blue Bird's gross profit is expected to grow to IDR2.3 trillion in 2027 from IDR1.6 trillion in 2024, says Nomura, which has a buy rating and a target price of IDR2,250.00 on the stock. Shares are 1.7% higher at IDR1,820.00. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 23, 2025 03:24 ET (07:24 GMT)

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The taxi operator has a competitive edge in the non-taxi segment, particularly in areas including shuttle and bus services, thanks to its high delivery on service-level agreements, the analyst says. Revenue contribution from the Indonesian company's non-taxi segment increased to 29% in 2024 from 16% in 2016, which Nomura attributes to the company's advantage in the mobility business. Blue Bird's gross profit is expected to grow to IDR2.3 trillion in 2027 from IDR1.6 trillion in 2024, says Nomura, which has a buy rating and a target price of IDR2,250.00 on the stock. Shares are 1.7% higher at IDR1,820.00. 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The taxi operator has a competitive edge in the non-taxi segment, particularly in areas including shuttle and bus services, thanks to its high delivery on service-level agreements, the analyst says. Revenue contribution from the Indonesian company's non-taxi segment increased to 29% in 2024 from 16% in 2016, which Nomura attributes to the company's advantage in the mobility business. Blue Bird's gross profit is expected to grow to IDR2.3 trillion in 2027 from IDR1.6 trillion in 2024, says Nomura, which has a buy rating and a target price of IDR2,250.00 on the stock. Shares are 1.7% higher at IDR1,820.00. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 23, 2025 03:24 ET (07:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLBD","symbol_name":"Blue Bird Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2577096378","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577096378","pubTimestamp":1761204240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0724 GMT - Blue Bird Indonesia's non-taxi business is likely driving growth, Nomura's Ahmad Maghfur Usman says in a research report. The taxi operator has a competitive edge in the non-taxi segment, particularly in areas including shuttle and bus services, thanks to its high delivery on service-level agreements, the analyst says. Revenue contribution from the Indonesian company's non-taxi segment increased to 29% in 2024 from 16% in 2016, which Nomura attributes to the company's advantage in the mobility business. Blue Bird's gross profit is expected to grow to IDR2.3 trillion in 2027 from IDR1.6 trillion in 2024, says Nomura, which has a buy rating and a target price of IDR2,250.00 on the stock. Shares are 1.7% higher at IDR1,820.00. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLBD":"Blue Bird Corp","BK4149":"建筑机械与重型卡车"},"translate_title":"蓝鸟印度尼西亚的非出租车业务可能推动增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLBD":1.5},"content_text":"0724 GMT - Blue Bird Indonesia's non-taxi business is likely driving growth, Nomura's Ahmad Maghfur Usman says in a research report. The taxi operator has a competitive edge in the non-taxi segment, particularly in areas including shuttle and bus services, thanks to its high delivery on service-level agreements, the analyst says. Revenue contribution from the Indonesian company's non-taxi segment increased to 29% in 2024 from 16% in 2016, which Nomura attributes to the company's advantage in the mobility business. Blue Bird's gross profit is expected to grow to IDR2.3 trillion in 2027 from IDR1.6 trillion in 2024, says Nomura, which has a buy rating and a target price of IDR2,250.00 on the stock. Shares are 1.7% higher at IDR1,820.00. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 23, 2025 03:24 ET (07:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}