On the first term of 2016, Indosat Ooredoo Tbk (ISAT) increased by 10.5% of yoy to 13.94 trillion IDR with EBITDA 6.15 trillion IDR. Samuel Sekuritas recommended Hold for ISAT with a target price of 7.205 IDR.
According to Samuel Sekuritas, on the first term of 2016, ISAT’s revenue and EBITDA both increased as expected, each by 49.6% and 49.2% from their estimation. ISAT recorded a net profit of 501 billion IDR in June 2016 compared to the previous net loss of 667 billion IDR.
“ISAT’s performance on the second quarter of 2016 is relatively getting better quarterly while EBITDA and the operating profit are relatively flat although its net profit is increasing significantly,” said Samuel.
In trading on Tuesday (9/8), ISAT’s share decreased by 3.9% to 6.225 IDR. (*)
| Indosat Tbk Performance | |||
| In billion rupiah | |||
| Notes | H1 2016 | H1 2015 | Changes |
| Revenue | 13.942 | 12.620 | Up |
| EBIT | 1.705 | 1.040 | Up |
| EBITDA | 6.156 | 5.209 | Up |
| Net (loss) Profit | 501 | -667 | Up |
| EBIT Margin | 12,2% | 8,2% | Up |
| EBITDA Margin | 44,2% | 41,3% | Up |
| Net Margin | 3,6% | -5,3% | Up |
Add Comment