0628 GMT - Garuda Maintenance Facility AeroAsia gets a buy rating from Bahana Sekuritas analysts, who see multiple tailwinds for the company. Danantara Indonesia's $1.4 billion injection into parent company Garuda Indonesia will benefit GMF AeroAsia as 84.3% of the funding is allocated to reactivating 54 of the carrier's aircraft through 2027, providing multi-year earnings visibility for the subsidiary. GMF AeroAsia is also receiving an asset injection via a 97-hectare land transfer from Angkasa Pura Indonesia at no cash cost, creating an opportunity to expand its fifth hangar. The brokerage initiates coverage of the stock with a buy call and a target price of IDR150.00. Shares are 9.6% higher at IDR148.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 15, 2025 01:29 ET (06:29 GMT)
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