UOB Kay Hian cites 206 percent growth for Solusi Sinergi Digital stock
Published on 10/19/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth and governance milestones
- UOB Kay Hian highlighted 206 percent first-half revenue growth on October 8, 2026.
- EBITDA reached IDR 948.9 billion with a 60.4 percent margin in the first half of 2026.
- The extraordinary shareholder meeting is scheduled for October 21, 2026.
- WIFI had 1.85 million FTTH subscribers and 513,000 FWA subscribers in the first half of 2026.
Solusi Sinergi Digital (ISIN ID1000158504) generated IDR 1.57 trillion in revenue in the first half of 2026, up 206 percent from a year earlier, according to IDXChannel. The figures formed the core of an October 8, 2026 research note from UOB Kay Hian, which described the broadband operator as an integrated infrastructure platform.
Three dates shape the story
On September 24, 2026, Surge launched full-coverage 5G fixed wireless access service in 10 Indonesian cities, according to IDXChannel. On October 2, 2026, the company disclosed the resignations of its president commissioner and a director, with a shareholder vote planned for October 21, 2026.
On October 8, 2026, Kontan reported that the company had activated more than 3,100 Internet Rakyat sites in seven months, reaching 3.1 million households across 94 cities and regencies.
What does expansion mean for margins?
The first-half numbers show why network execution is central to the investment case. EBITDA rose 117 percent to IDR 948.9 billion, producing a 60.4 percent margin, while net income increased 118 percent to IDR 496.8 billion, according to IDXChannel. UOB Kay Hian said the company had 1.85 million FTTH subscribers and 513,000 FWA subscribers in the first half of 2026, while rollout pace and delayed revenue recognition remained execution considerations.
Shareholder vote sets the next date
The extraordinary shareholder meeting on October 21, 2026 will address changes to the board, while management has said its FWA and FTTH expansion plan remains in place. Bisnis.com reported on October 7, 2026 that the company planned IDR 7.0 trillion of capital expenditure for 2026, including 5,500 additional radios and IDR 1.0 trillion for FTTH expansion.
Indonesian market quotation
On October 19, 2026 at 3:38 p.m. WIB, Solusi Sinergi Digital was last at IDR 1,025.00 on the Indonesia Stock Exchange. The market capitalization was IDR 5.4 trillion on the same date, while the 52-week range was IDR 1,025.00 to IDR 4,420.00.
Solusi Sinergi Digital stock facts
- Company: PT Solusi Sinergi Digital Tbk
- ISIN: ID1000158504
- Ticker: WIFI
- Primary exchange: Indonesia Stock Exchange
- Latest home-market price: IDR 1,025.00 as of October 19, 2026, 3:38 p.m. WIB
- Market capitalization: IDR 5.4 trillion as of October 19, 2026
- 52-week range: IDR 1,025.00-4,420.00 as of October 19, 2026
Market context: Latest market reports.
