XL Axiata (EXCL.IJ Rp 2,440; BUY; TP Rp 3,300) 1Q24 Earnings Beat
1Q24 earnings beat due to a better-than-expected revenue momentum with EBITDA margin gains, offering cushion for the next quarters.
196 Views
XL Axiata - Expect Strong Revenue Momentum and FCF Generation to Continue in FY24
We expect EXCL’s revenue momentum to continue in FY24; high single digit growth guidance is based on continuous ARPU improvement and homes connect.
232 Views
XL Axiata - Potential FMC Strategy Acceleration and Value Unlocking from the Merger Scenario
XL may accelerate its FMC by acquiring the subs of LINK and rolling out 3m new homepasses upon obtaining funding at the associated co. level.
245 Views
XL Axiata (EXCL IJ) - Inline 3Q23 Earnings; Growth Trajectory Intact
EXCL’s in-line 3Q23/ 9M23 results show that it has strategically moved further to higher ARPU users in 3Q23, while opex streamlining has improved...
439 Views
XL Axiata (EXCL.IJ) - Inline 3Q23 Earnings; Growth Trajectory Intact
XL Axiata(EXCL IJ)Inline 3Q23 earnings; growth trajectory intactEXCL’s in-line 3Q23/ 9M23 results show that it has strategically moved further to...
343 Views