Telkom Indonesia (TLKM IJ): Restructuring makes progress

Telkom Indonesia (TLKM IJ)
BUY / TP: IDR:3,400 (+24.1%)
Analyst: Chandra Pasaribu

Restructuring makes progress
• In-line with expectation, gradual improvement
• Segmental perspective, B2C large contribution
• Soft QoQ operational matrix
• Re-iterate BUY with our TP of IDR3,400