XL Axiata (EXCL IJ): Sees stable data price

XL Axiata (EXCL IJ)
BUY / TP: IDR:2,820 (+20.0%)
Analyst: Chandra Pasaribu

Sees stable data price
• Sound results as competition subsided
• Robust operational numbers
• Convergence strategy based on asset-light model
• Re-iterate BUY with new TP of IDR2,820