Indonesian Telecom Market Repair: Revenues Growing, Margins Rising.

PT Telkom: Strong Results in an Improving Market

Indonesia's Telecoms Sector Growing Strongly Again

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<p>We wrote recently about ongoing market repair for the Indonesian telecoms names. Until mid April the share prices of all three large listed telcos had been doing reasonably. However, <a href="https://www.smartkarma.com/entities/15028" target="_blank" data-smartkarma-citation="entities:15028">Xl Axiata Tbk Pt</a> (EXCL) has recently dipped sharply (&gt;20%). They announced a rights issue in mid March (1:4 at Rp3,150 which ends tomorrow, 26 May). The share price has since tracked towards the rights price  of Rp3,150. This is usual behavior in a bear market in Indonesia but quite unusual when the outlook is…</p>

We wrote recently about ongoing market repair for the Indonesian telecoms names. Until mid April the share prices of all three large listed telcos had been doing reasonably. However, Xl Axiata Tbk Pt (EXCL) has recently dipped sharply (&gt;20%). They announced a rights issue in mid March (1:4 at Rp3,150 which ends tomorrow, 26 May). The share price has since tracked towards the rights price  of Rp3,150. This is usual behavior in a bear market in Indonesia but quite unusual when the outlook is…

XL Axiata's Share Price Tracks Towards Rights Price and Ignores Improving Market Conditions