Opening
Listed Company Analysis of today will be present to you about another telco company in the market. I bet you already know the name or maybe using the services of it. Its the first cellular company in Indonesia. Currently also the first telecommunication operator in Indonesia to launch a 4.5 G connection. What is its name?
Company Information
The name is Xl Axiata Tbk or known as EXCL in IHSG. EXCL built on 06 October 1989 in Jakarta. In Indonesia, it is the second-largest mobile telecommunications. EXCL coverage includes Java, Bali, Lombok, cities in Sumatra, Kalimantan, and Sulawesi. Originally EXCL named is Excelcomindo under the name of PT Grahametropolitan Lestari, and the business was a trading & general services company. In 2009 XL was bought by the Axiata Group. EXCL has a high-bandwidth fiber-optic cable in partnership with Nextgen Group to build Australia-Singapore cable. Its purpose to enabling connections with Australia, Singapore, and Indonesia by submarine beach cable facility through submarine cable landing station in Anyer & Banten Indonesia to connect to Australia-Singapore.
XL Axiata shares are owned by Axiata Investment (Indonesia) of 66.25%. Currently, the known products are XL, Axis. Its subsidiaries are PT One Indonesia Synergy (a telecom carrier company), and PT Princeton Digital Group Data Centres (a data center service in for South-east Asia).
Key Financial Statistics
Pictures provided.
Highlights of 2020
- XL Smart Poultry provided by XL Axiata is an internet of things to help the poultry industry of PT Sierad Produce Tbk (SIPD) for Banten & West Java farms.
- 1399 out of 1723 XL tower sold to PT Sarana Menara Nusantara Tbk (TOWR) last June 2020.
- Semester 1, 2020 of EXCL predicted to produce a positive performance due to the increase in internet usage in houses in Indonesia.
Target Price
| Nomura | Buy Rating | 3.300 |
| BCA Sekuritas | Buy Rating | 4.300 |
| Indo Premier Sekuritas | Buy Rating | 3.600 |
| Mandiri Sekuritas | Buy Rating | 3.600 |
| RHB Research | Buy Rating | 3.850 |
| Trimegah Securities | Buy Rating | 3.250 |
| UOB Kay Hian | Buy Rating | 3.270 |
| Mirae Asset Daewoo Co., Ltd | Buy Rating | 3.720 |
| New Street Research | Buy Rating | 5.750 |
| Korea Investment | Hold Rating | 2.800 |
| Hopemity | Buy Rating | 3.100 |
Closing
For better or worse, EXCL still showing a promising likelihood of getting better in the days forward. When the announcement of the Financial Statement Q2 showing the positive performance, it will be the booster for the EXCL shares to strengthen its rally. Support 2480 and resistance in 2620. Cut loss at 2440.
emitting hope since 2018 