In today’s briefing:
- PT Metrodata Electronics (MTDL IJ) – A Future in AI Implementation
PT Metrodata Electronics (MTDL IJ) – A Future in AI Implementation
- PT Metrodata Electronics (MTDL IJ) saw a strong rebound in 1Q2024 for its distribution business, especially for telco products, which partially offset the slower growth in solutions & consulting.
- Solutions&consulting saw slow growth due to some delays over projects due to political uncertainty ahead of the election but it did have the support of recurrent income from software.
- PT Metrodata Electronics should see a recovery in solutions & consulting in 2H2024, with increasing demand from AI-related projects, which will further drive future growth. Valuations remain attractive.
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