WIFI: Bangkit dari Koreksi! Rebound atau Dead Cat Bounce?Trading langsung melalui TradingView x STAR!
Teknikal:
• Last: 1935
• Resist: 2170 : 2730
• Support: 1825 : 1550
• Cutloss: < 1550
Sales Note:
• WIFI through its brand Surge is a co providing internet connecticity through a fiber optic network along railroad tracks on Java island , partnering with local ISPs via revenue sharing system.
• Surge offers affordable (start from IDR100k/month), high quality and unlimited internet access to households located within 1-5km from KAI railroad – this has achieved so far an solid 90% take-up rate.
• WIFI owns 6,972km of fiber optic lines along railway tracks and highways in Java. As of 9M24, WIFI owner fixed assets in the form of project equipment worth IDR890bn and more than IDR800bn worth of fiber optic lines .
• In 9M24, Surged booked revenue growth of 46% y-y to IDR505bn. The company aims to roll out up to 40mn homepasses in 2025 – this coupled with a conservative 45% EBITDA margin, could translate to more than IDR250bn in profit .
• B/S is also manageable, with net gearing of 1.4x in 2024; with potentially increasing debt but reasonable given the exponential revenue growth.
• PT Investasi Sukses Bersama (ISB) owns 50.4% stake in WIFI, whereas around 45% of that is owned by PT Arsari Sentra Data (co owned by Hashim S Djojohadikusumo) .
• The stock trades at 7x EV/EBITDA 2025E , which is lower than global telco, especially fiber optic names avg of 8x.
Anthony Yunus
Head of Sales
PT Samuel Sekuritas Indonesia
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PT Samuel Sekuritas Indonesia berizin dan diawasi oleh Otoritas Jasa Keuangan
Teknikal
TCID Technical Analysis - Expect Reversal Based on elliottwave theory, I am confident enough to say that the bearish trend is almost over. A zig-zag correction pattern is formed from a-b-c label, the price also hover around strong support range. I think the accumulation phase is happening now.
RSI indicating bullish divergence. Let's see if price can hold above MA 50 and MA 100 in coming weeks.
Cheers happy investing !
BRPT : Buy Opportunity Technical Analysis using Elliot Wave Principle
If the count is correct, the wave (2) must have completed, then I expect more upside in wave (3). Wave (2) is a simple zigzag correction of A-B-C.
There are 3 entry options with different risk and reward ratio. Use the entry options based on your own personal risk preference. Stop loss at bottom of wave (2)
Please like this analysis if you found it helpful.
SSIA idx stock :Example of Complex Correction Wave Here is the example of complex wave calculation based on elliott wave principle.
Overall complex correction wave consists of 5 combined wave (w)-(x)-(y)-(x)-(z).
These complex correction played out for very long period time thus can be very confusing. (w) wave is a zigzag of a-b-c, followed by triangle a-b-c-d-e (x), another zigzag a-b-c (y), followed by flat a-b-c (x) and last, completed with zigzag a-b-c (z).
This educational analysis provided also with example entry strategy, my entry strategy placed on top of last wave 4, why? Well, it gives slight confirmation that the (z) wave of zigzag is completed. The stop loss placed on the very bottom of (z), which means the invalidation zone. Apparently, this strategy only compatible for a long term investing.
This educational analysis is not a financial advice, you should do your own research and always make sure to criticize before consummation.
And last, because the asset is stock, always compare with the fundamental condition of the company.
Thank you, share and like if you found it helpful!