In today’s briefing:
- PT Metrodata Electronics (MTDL IJ) – Digitising Private and Public Indonesia
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PT Metrodata Electronics (MTDL IJ) – Digitising Private and Public Indonesia
- PT Metrodata Electronics is Indonesia’s leading ICT distributor and one of the largest IT solutions & consulting companies, making it a play on growing digitalisation in the country.
- The company has seen strong demand from several sectors for its solutions & consulting business, most notably from banks for digital transformations, oil & gas, and telecoms
- PT Metrodata Electronics is also seeing a strong rebound in its ICT distribution business, with its higher-margin solutions outperforming boosted by public sector growth. Valuations compelling on 8.7x FY2024E PER.