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TOWR – Promising Long Term Contracts

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Restu Pamungkas
Restu Pamungkas
Analyst - Telco, Tower, Toll Road, Poultry
Restu Pamungkas
Latest posts by Restu Pamungkas (see all)
  • JSMR – Divestment to Strengthen Capital Structure - August 5, 2021
  • TBIG – Limited Tower Acquisition Potential - July 23, 2021
  • TLKM – Strengthening Data Center Business - July 14, 2021

TOWR booked continuous positive performance in Q3/2020. The company’s income came from an increase in tower tenancy income by 23.5% YoY with PT Hutchison 3 Indonesia (TRI) still the biggest contributor. Meanwhile, tax expenses fell 36.5% YoY, boosting bottom line performance 19.5% YoY to IDR1.9 trillion.

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