Search result for: "mitratel"

Property industry last year was down. This is reflected in the net profit of Bumi Serpong Damai, Tbk (BSDE IJ) in the past year are down from IDR4.92Trn in 2017 to IDR1.29Trn in 2018. While, income BSDE is also down, from IDR10.35Trn years 2017 to.

Telekomunikasi Indonesia (Persero), Tbk (TLKM IJ) or Telkom preparing capital expenditures (capex) of approximately 27% of income in 2018. Telkom Finance Director, Harry M Zen.

Successful registered an increase in sales volume as much as 5.7% in 2018 become 19.17 million tons, Indocement Tunggal Prakarsa, Tbk (INTP IJ), set a realistic target for sale in 2019. This year the cement manufacturers.

Mitsubishi UFJ FInancial Group (MUFG) would overwhelm 40.69% shares of Bank Danamon, Tbk (BDMN IJ) after the acquisition of Bank Nusantara Parahyangan, Tbk (BBNP.

Paper industry performance prospects are still promising despite a steady rupiah weakened against the US dollar (USD). Issuers issuers such as Indah Kiat Pulp & Paper, Tbk (INKP.

PT Telekomuniksai Indonesia, Tbk (TLKM IJ)’s plan to continue its inorganic expansion, was entered into the final stage, since there are three companies which were acquired. Those company is a foreign company, came from Malaysia and one of them listed in Singapore Stock Exchange. For the record, the third companies are engaged in satellite technology.

Pressure on lease rates… XL Axiata’s (XL) (EXCL IJ, BUY, TP: IDR4,550)and Sarana Menara Nusantara’s (SMN) (TOWR IJ, BUY, TP: IDR4,700)Protelindo subsidiary’srecent sale and leaseback deal for 2,500 towers suggests that industry lease rentals remain under pressure. We think XL’s IDR10m per month/site rental has become the new industry benchmark for future lease rental negotiations.

We reinitiate coverage on the Indonesia Towerco sector with a NEUTRAL call premised on: i) the structural and operational headwinds impacting the sector in the longer term, ii) the still relatively attractive/superior EBITDA margin of the ITCs, iii) potential for opportunistic M&As, iv) and the valuation discount that the ITCs trade at when stacked against.

Tower Bersama Infrastructure (TBIG IJ, Neutral, TP: IDR8,600) is planning to conduct a non-preemptive rights issue for 479.65m shares (10%). This action is part of the share swap scheme with PT Dayamitra Telekomunikasi (Mitratel), subsidiary of Telekomunikasi Indonesia (TLKM IJ, BUY, TP: IDR3,200). Tower will also transfer its 53.29m treasury shares as part of the.

Given its superior fundamentals, Telkom is set to outperform in an uncertain market environment. Investors should accumulate on excessive weakness, given the re-rating catalysts from its tower asset’s IPO in 1H14 and continued market share gains. It is executing well on most fronts while peers are distracted by network and merger challenges. We see a.