Indosat (ISAT IJ): Positive momentum post-merger

Indosat (ISAT IJ)
BUY / TP: IDR:9,700 (+34.7%)
Analyst: Chandra Pasaribu

Positive momentum post-merger
• Bottom line boosted from merger and gain on divestment
• Consolidation to benefit
• DCF valuation with new TP of IDR9,700
• Re-iterate BUY