Telkom Indonesia (TLKM IJ): Appoints new chief executive

Telkom Indonesia (TLKM IJ)
BUY / TP: IDR:3,400 (+50.4%)
Analyst: Chandra Pasaribu

Appoints new chief executive
• New chief executive appointed, slight changes in board of directors (BOD)
• Telkom Infrastructure (TIF) spin-off completed
• Danantara gets more involved in data centers (DCs)
• Re-iterate BUY – TP: IDR3,400