At The KHS Webinar, Mitratel Says It Will Be Aggressive In Building Towers Outside Java

Photo: Doc. Mitratel

JAKARTA - PT Kanaka Hita Solvera again held the Traders Wave by B-Trade webinar which reviewed the market outlook for investors with the theme Safe, Calm & Growing Investment. This webinar also collaborates with PT Dayamitra Telekomunikasi Tbk or MTEL to see the prospects for the Company's performance in the future.

In this market outlook, B-Trade predicts the movement of the Composite Stock Price Index (JCI) for the medium term could create a new record at the level of 7,500 and after that the index will again experience a correction.

Founder of B-Trade Wijen Pontus said that there were several factors that made him optimistic that in the medium term the JCI could penetrate the 7,500 level. First, positive sentiment comes from the issuer's 2021 financial report where he estimates that its performance will experience a very significant increase.

"Positive sentiment still comes from the 2021 annual issuers' financial reports, many of which should be positive and increase on a YOY basis," said Wijen during the Webinar Traders Wave by B-Trade, Saturday, March 12.

He also added, in the next 2 weeks the Jakarta Composite Index will be in the range of 7,000 levels. This level is a support for the JCI, before it will eventually be corrected again.

"Therefore, the short-term targets are 7,200 and 7,300, but for the medium term at 7,500, then the JCI will fall again to the level of 6,484," continued Wijen.

Meanwhile in the same place, PT Dayamitra Telekomunikasi Tbk, a tower infrastructure issuer represented by its Investment Director, Hendra Purnama, revealed that in 2022 the company will be even more aggressive in developing its tower business outside Java. The reason is, the spread of towers outside Java is almost 58 percent so this is an opportunity for MNO to roll out its network.

"The deployment of 58 percent of the towers is outside Java, and is a new growth area, so this opens the opportunity for MNO to deploy its network outside Java," said Hendra.

Furthermore, Hendra added, the company's aggressive expansion of the tower business outside Java is expected to have a positive impact on the company's financial performance by the end of 2022.

"For guidance in 2022, we are targeting 10 percent in terms of revenue, in terms of EBITDA, the 13 percent increase can be achieved when we have a capex of IDR 9.9 trillion," explained Hendra.

Hendra is also optimistic that every year business growth in the telecommunications tower industry can grow 11 percent. This figure exceeds the growth of the tower industry nationally, which only grew by 5 percent.

"The growth of the national tower industry is 5 percent because this industry has a long-term contract and our growth until 2025 is 11 percent per year," concluded Hendra.