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Blue Bird Indonesia Set to Benefit From Extended Taxi Driver Working Days — Market Talk
Blue Bird Indonesia Set to Benefit From Extended Taxi Driver Working Days — Market Talk
About this update from Pt Blue Bird Tbk
Blue Bird Indonesia stands to benefit from the extension of its taxi drivers' working days, Bahana Sekuritas analysts say in a research report. The brokerage's driver channel checks suggest Blue Bird has increased the number of regular working days for taxi drivers to 22 days a month from 20, adding 24 extra working days a year. The brokerage sees this as a near-term earnings catalyst for the Indonesian transportation services provider that hasn't been fully priced into FY 2026 consensus forecasts. Bahana Sekuritas initiates stock coverage with a buy rating and a target price of 2,210.00 rupiah. Shares are 0.3% higher at 1,490.00 rupiah. ([email protected])