Indosat (ISAT IJ)
HOLD-OPF / TP: IDR:6,000 (+3.4%)
Analyst: Chandra Pasaribu
Keeping it simple
• Below expectation but with improving operation
• Data revenue commanding 78% of revenue
• Conservative management guidance
• Downgrade to HOLD-OPF with new TP of IDR5,950 (US$0.42)