Tower Bersama (TBIG IJ)
HOLD-OPF / TP: IDR:1,760 (+1.7%)
Analyst: Chandra Pasaribu

Big buy from other tower company
• Acquiring towers from other tower company
• IBST’s portfolio as proxy
• Potential future value points to new TP of IDR1,760 (US$0.12)
• Already reflected in share price – Maintain HOLD-OPF