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Corporate Updates

XL Axiata (EXCL IJ): Driving top-line growth

 XL Axiata (EXCL IJ)
BUY / TP: IDR:2,930 (+26.8%)
Analyst: Chandra Pasaribu

Driving top-line growth
• In line with our forecast
• Benefits from industry consolidation
• Milestones for FMC strategy
• Upgraded TP to IDR2,930 (US$0.19), BUY maintained
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