Listed Company Analysis – EXCL


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?

XL AXIATA Tbk

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.

EXCL Financial Statement
EXCL Financial Ratios

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

NomuraBuy Rating3.300
BCA SekuritasBuy Rating4.300
Indo Premier SekuritasBuy Rating3.600
Mandiri SekuritasBuy Rating3.600
RHB ResearchBuy Rating3.850
Trimegah SecuritiesBuy Rating3.250
UOB Kay HianBuy Rating3.270
Mirae Asset Daewoo Co., LtdBuy Rating3.720
New Street ResearchBuy Rating5.750
Korea InvestmentHold Rating2.800
HopemityBuy Rating3.100
Target Price EXCL

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.


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