External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Equity Bottom-Up

Dayamitra Telekomunikasi PT / Equity Bottom-Up

<ul><li>Following an update by Mitratel yesterday, we reiterate our view that MTEL is well placed to outperform its peers in 2023</li><li>Moreover, we note the strong link between monetary policies and share price performance of tower companies, with a growing view that interest rates are peaking</li><li>Mitratel has the largest tower portfolio (36,439 units or ~33% of the tower market), with a strong platform to leverage new ICT infrastructure services and diversifying to non-towers (tower revenues now stand at 92%, non-towers at 8%)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Following an update by Mitratel yesterday, we reiterate our view that MTEL is well placed to outperform its peers in 2023Moreover, we note the strong link between monetary policies and share price performance of tower companies, with a growing view that interest rates are peakingMitratel has the largest tower portfolio (36,439 units or ~33% of the tower market), with a strong platform to leverage new ICT infrastructure services and diversifying to non-towers (tower revenues now stand at 92%, non-towers at 8%)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mitratel (MTEL IJ) - Comparative Advantage for MTEL in Ex–Java