XL Axiata (EXCL IJ): Witnesses softer spending

XL Axiata (EXCL IJ)
BUY / TP: IDR:3,160 (+42.9%)
Analyst: Chandra Pasaribu

Witnesses softer spending
• One-offs suppress number below expectation
• Operational matrix reflecting retreat
• Fiber segment pushes towards FMC
• Re-iterate BUY, TP: IDR3,160