Corporate Updates

Telkom Indonesia (TLKM IJ): New business venture yet to grow

TLKM Indonesia (TLKM IJ)
BUY / TP: IDR:4,350 (+25.3%)
Analyst: Chandra Pasaribu

New business venture yet to grow
• Below expectation
• Initiatives in FMC space
• Corporate segment lags in growth, profitability
• New cut TP is IDR4,350 (US$0.28), but we retain our BUY call

Corporate Updates

Telkom Indonesia (TLKM IJ): New business venture yet to grow

Related Article

Unilever Indonesia (UNVR IJ): Trapped in a storm

Bank Rakyat Indonesia (BBRI IJ): Results in 1Q24 hit by soaring credit cost

Mitratel (MTEL IJ): Improves operating leverage

Bank Central Asia (BBCA IJ): To be defensive choice for longer

Telkom Indonesia (TLKM IJ): Yet to see traction from FMC

Ace Hardware Indonesia (ACES IJ): Makes sales growth gain on low base