Sarana Menara (TOWR IJ): Delivers little change in 1H26

Sarana Menara (TOWR IJ)
BUY / TP: IDR:610 (+44.5%)
Analyst: Chandra Pasaribu

Delivers little change in 1H26
• In-line with expectations
• Operation matrix still affected by MNO consolidation
• Surplus cash for capex, debt repayment and dividend
• Re-iterate BUY call with TP of IDR610