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Corporate Updates

Tower Bersama (TBIG IJ): Erosion from renewals

Tower Bersama (TBIG IJ)
HOLD-OPF / TP: IDR:2,500 (+6.8%)
Analyst: Chandra Pasaribu

Erosion from renewals
• Below expectation
• Moderate operation matrix
• Earnings downgrade
• Re-iterate HOLD-OPF call
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