Mitratel (MTEL IJ): Consolidation to put brakes on growth

Mitratel (MTEL IJ)
BUY / TP: IDR:760 (+33.3%)
Analyst: Chandra Pasaribu

Consolidation to put brakes on growth
• Higher-than-expected depreciation, below expectation
• Short-term growth on softer side
• Expecting a lower TP of IDR755
• Re-iterate BUY – New TP of IDR760 (US$0.05)