Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

Research from SooChow CSSD Capital Markets (Asia)

Equity Bottom-Up

Solusi Sinergi Digital Tbk PT / Equity Bottom-Up

<h2>Post-Initiation NDR Feedback</h2><p>We hosted a number of non-deal roadshow sessions in the past week across 20 institutional investors and family offices. Interest was high on Solusi Sinergi Digital’s (WIFI) ability to pivot into Fiber Optic (FO) business and growing its Digital Out-Of-Home (DOOH) advertising business. Overall, investors were generally positive on WIFI’s overall business strategies and guidance, as well as massive potential of its FO business. This affirms our belief that WIFI is on the verge of an earnings explosion – 195% EPS CAGR from 2020-24E on our conservative assumptions. Reiterate BUY.</p>

Post-Initiation NDR FeedbackWe hosted a number of non-deal roadshow sessions in the past week across 20 institutional investors and family offices. Interest was high on Solusi Sinergi Digital’s (WIFI) ability to pivot into Fiber Optic (FO) business and growing its Digital Out-Of-Home (DOOH) advertising business. Overall, investors were generally positive on WIFI’s overall business strategies and guidance, as well as massive potential of its FO business. This affirms our belief that WIFI is on the verge of an earnings explosion – 195% EPS CAGR from 2020-24E on our conservative assumptions. Reiterate BUY.

SCCM | PT Solusi Sinergi Digital (WIFI IJ) - Post-Initiation NDR Feedback (BUY; TP IDR1,930/Share)