Primer: Telekomunikasi Indonesia (TLKM IJ) - Dec 2025
Dominant Market Leader: As Indonesia's largest state-owned telecommunications provider, Telkom holds a commanding market share in both mobile...
180 Views
Telkom Indonesia (TLKM.IJ) Price Repair on Track, Visible Re-Rating Potential Ahead
We maintain Buy with a higher TP of Rp4,000, implying a 5.6x 26F EV/EBITDA, reflecting improvement in yield and pricing execution.
292 Views
Telkom Indonesia (TLKM.IJ) - Fiber Assets Spin-Off Paves the Way for Value Unlocking
TLKM executed the spin-off of 56% of its fiber assets to TIF, valued at Rp35.7tr net book value, implying an 8.75x EV/EBITDA multiple.
373 Views
Telkom Indonesia (TLKM.IJ) - Mobile and Fixed Broadband to Turn the Corner
We cut FY25-27F net profit est. by 11.2-12.5%, factoring in slowerthan-expected growth 1H25, but with expected 2H25 mobile recovery.
204 Views
TLKM IJ - Resilient and Ready: TLKM’s Strategy Amid Economic Shifts
Net income fell 4.0% YoY to IDR5.8tn (23.9%/23.3% of ours/cons), pressured by intense competition, macro headwinds, shifting product preferences,...
218 Views