TLKM Indonesia (TLKM IJ): Changes accounting policy

TLKM Indonesia (TLKM IJ)
BUY / TP: IDR:3,400 (+10.4%)
Analyst: Chandra Pasaribu

Changes accounting policy
• Below expectation from one-offs
• B2C segment gaining QoQ
• Refining transparency and accountability
• Our downgraded TP is IDR3,400 – Re-iterate BUY