Corporate Updates

Sarana Menara Nusantara (TOWR IJ): Organic-driven growth

Sarana Menara Nusantara (TOWR IJ)
BUY / TP: IDR:1,030 (+12.0%)
Analyst: Chandra Pasaribu

Organic-driven growth
• Net profit up 11.3% YoY, in line
• Strong contribution from organic growth
• Renewals lead to lower rental fees
• Re-iterate BUY recommendation

Corporate Updates

Sarana Menara Nusantara (TOWR IJ): Organic-driven growth

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