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XLSmart

EXCL:IJ

Primary coverage by Chris Hoare

Rating

Buy

IDR Rp4500

Model

Updated December 21, 2025

Research

Asian Telcos Primer 2026 Update

May 26, 2026 — Chris Hoare
XLSmart – Q1 26 Quick Take: Strong results, integration costs and opex tapering

May 12, 2026 — Chris Hoare
XLSmart – Q4 25 Quick Take: Decent results, but higher capex guided

February 13, 2026 — Chris Hoare
ASEAN Telcos – Outlook 2026; Singtel and TRUE remain our top picks regionally

January 7, 2026 — Chris Hoare
Global EM Telcos & Towers – Themes and top picks for 2026

January 5, 2026 — Chris Hoare

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