Telkom Indonesia (TLKM IJ)
BUY / TP: IDR:4,070 (+40.3%)
Analyst: Chandra Pasaribu

Justified premium pricing
• Best network quality based on Open Signal survey.
• Premium price gap remains significant.
• Shutting down Blanja.com.
• Re-iterate BUY with an unchanged TP IDR 4,070 (US$0.27).