Added to YB: 2026-10-02
Pitch date: 2026-09-27
TOWR.JK [bullish]
PT Sarana Menara Nusantara Tbk.
+15.46%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
PT Sarana Menara Nusantara Tbk. owns and operates telecommunication towers for wireless operators in Indonesia.
Market Cap
IDR 23.2T
Pitch Price
IDR 388.00
Price Target
N/A
Dividend
3.44%
EV/EBITDA
6.20
P/E
5.95
EV/Sales
4.84
Sector
Diversified Telecommunication Services
Category
N/A
Hidden Champions of Indonesia - PT Sarana Menara Nusantara Tbk
TOWR.JK (quick overview): Sarana Menara is a strong Indonesian telecom-infrastructure franchise whose 36,600 towers and 182,000 km of fiber are difficult to replicate; stronger fiber backhaul and independence from telecom operators should support higher tenancy. However, the telecom market is ex-growth, fiber earns lower returns, debt is high, rising rates have hurt, a 2025 capital raise diluted shareholders, and XLSmart contributes 42% of revenue.
Read full article (1 min)