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Corporate Updates

Sarana Menara (TOWR IJ): Slightly below expectation

Sarana Menara (TOWR IJ)
Analyst: Chandra Pasaribu
BUY / TP: IDR850 (+25.9%)
Slightly below expectation
• Higher-than-expected interest led to below expected result
• Adding 1,000 new tenants in 2Q19
• Continuous investment from operators
• Reiterate our Buy call with TP IDR850
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