Indosat (ISAT IJ): Muted QoQ performance

Indosat (ISAT IJ)
BUY / TP: IDR3,520 (+75.1%)
Analyst: Chandra Pasaribu

Muted QoQ performance
• QoQ growth is cooling
• Operational data remains encouraging
• Continuous network improvement
• We re-iterate BUY with a new TP of IDR3,520 (US$0.24)