Sarana Menara Nusantara (TOWR IJ): Consolidation leads to softer expectations

Sarana Menara Nusantara (TOWR IJ)
BUY / TP: IDR:810 (+54.3%)
Analyst: Chandra Pasaribu

Consolidation leads to softer expectations
• Within expectation, a soft performance
• Soft expectations
• Neutral impact from reciprocal tariffs
• Re-iterate BUY – Upside expected post-acquisition