Mitratel (Buy, TP: IDR1,135, +76%) Q3 24 Quick Take: Faster
Mitratel delivered a faster topline and EBITDA trend, backed by healthy colocations and cost efficiencies again. Q4 is expected to slow as the M&A impact from its acquisition of PT Gametraco laps, but given the pace of EBITDA growth thus far (YTD +12%) and consensus at 9% for the full year, the bar is low going into Q4 (implies 2% growth).
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