Smartfren (FREN) is rumored to reach Rp 200, here are a number of driving factors
The share price of PT Smartfren Telecom Tbk (FREN) is rumored to be going to the level of Rp 200 in the near future. This price increase was supported by a number of corporate actions, improved financial performance, and an increasingly healthy telecommunications industry ecosystem.
Until September 2021, Smartfren recorded growth in financial performance with revenue growing from Rp. 6.84 trillion to Rp. 7.64 trillion. The company also started to record an operating profit of Rp 5.12 billion, compared to the same period last year with an operating loss of Rp 1.05 trillion. The company also managed to cut its current period loss from Rp 1.75 trillion in the third quarter of 2020 to only Rp 441.72 billion for the current period as of September 2021. Meanwhile, the number of customers also showed a significant increase of 18% from 27.5 million to 32 ,5 million subscribers. Meanwhile, this year's revenue growth is estimated to be in double digits with a capital expenditure (capex) budget prepared to reach US$ 200 million.
|•SOURCE•| Articles :INVESTOR | Image :KATA DATA |
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