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EXCL – Expect Solid Performance in 2021

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Restu Pamungkas
Restu Pamungkas
Analyst - Telco, Tower, Toll Road, Poultry
Restu Pamungkas
Latest posts by Restu Pamungkas (see all)
  • EXCL – Expect Solid Performance in 2021 - February 23, 2021
  • PGAS – Top & Bottom Line Recovers in 3Q20 - January 22, 2021
  • ISAT – Waiting for Merger Realization - January 8, 2021

EXCL’s revenue grew 3.5% throughout 2020. However, the jump in depreciation and financial expenses resulted in EXCL’s net income to decline by 47.9% YoY. Data segment is still solid, leading us to be optimistic for its 2021/2022 top and bottom line.

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