Corporate Updates

XL Axiata (EXCL IJ): Harvesting from data growth

BUY / TP: IDR3,300 (+40.4%)
Harvesting from data growth
• Data-led growth
• EBITDA margin improvement
• Maintaining high capex on network
• Maintain our Buy call

Sarana Menara Nusantara (TOWR IJ): Inflection seen in rental rates

03/04/2024 • Telecommunications

Indofood CBP (ICBP IJ): Eyes vibrant earnings in FY2024

02/04/2024 • Consumer Staples

Telkom Indonesia (TLKM IJ): New business venture yet to grow

01/04/2024 • Telecommunications

Bank Jago (ARTO IJ): Offers conservative 2024 outlook

25/03/2024 • Banks

Bumi Serpong Damai (BSDE IJ): Expects margin recovery in 2024

19/03/2024 • Property

Perusahaan Gas Negara (PGAS IJ): Feels cost pressure

18/03/2024 • Utility