JAKARTA – Indonesia Stock Exchange (IDX) announced that PT Dayamitra Telekomunikasi Tbk’s (MTEL) shares effectively became the constituent of LQ45 Index, as of 1 February 2024.
LQ45 Index is perceived prestigious because it represents 45 issuers on the IDX that are selected based on the highest liquidity and largest market capitalization, as well as a number of other criteria.
This assessment means that shares which are included in LQ45 Index are stocks that are actively traded and have good company fundamentals.
MTEL’s average transaction volume in the Q4-2023 was recorded at 47.2 million shares, growth 6% quarterly. In Q1-2023, the average volume remained at 20 million shares, so the total increase has reached more than double.
By the third quarter of 2023, MTEL posted revenue IDR 6,3 trillion, growth 11,9% YoY.
Meanwhile, MTEL recorded a net profit of IDR 1,43 Trillion, growth by 16,6% YoY. MTEL has 37,091 towers by the end of September 2023. This achievement makes MTEL as the largest of TowerCo company in Southeast Asia in terms of telecommunication tower numbers.
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