Indosat (ISAT IJ)
HOLD-OPF / TP: IDR:7,400 (+6.7%)
Analyst: Chandra Pasaribu

New beginning after merger
• Merging Indosat and Hutchison 3 Indonesia
• Post-merger financial impact
• Translating into new values
• We retain a wait-and-see stance – Maintain a HOLD-OPF rating