XL Axiata Watchlist
XL Axiata (EXCL IJ) - Are You Converegent?
186 Views, 12 May 2022 19:52
XL Axiata (EXCL IJ) results were encouraging with +8% revenue growth driven by data (95.5% of service revenues), with stable ARPUs and price competition easing during 1Q2022.
- The march towards being truly converged continues with the completion of the Link Net acquisition giving it a significant leg up and due for completion on 27th May.
XL Axiata remains our top pick amongst Indonesia's telcos, with the highest exposure to data and Indonesia's headlong growth into all things digital and compelling valuations.