Indosat (ISAT IJ): Affected by seasonality

Indosat (ISAT IJ)
BUY / TP: IDR:2,780 (+77.1%)
Analyst: Chandra Pasaribu

Affected by seasonality
• Weaker 3Q26 performance
• Operation matrix showing slight slowdown
• Pushing capex to capture growth opportunities
• TP trimmed to IDR2,780 – Re-iterate BUY