MTEL - To focus on asset monetization

Dayamitra Telekomunikasi (MTEL) is to focus on asset monetization in order to improve profitability. On top of that, management stated that the company eyes for more expansion both through inorganic or organic expansions despite being the largest providers with 35,000 towers on its belt. (Source : Investor Daily) Comment: As tower sector is still in consolidation phase, we believe that there still an ample room for growth especially through organic expansion especially as MNO has been expanding into ex-Java areas. In addition, we like MTEL's product diversification such as FTTT and other satelite-based service as its differentials among its competitors.