In today’s briefing:
- Telekom (TLKM): Spin off Update
Telekom (TLKM): Spin off Update
- Despite the recent protest that pushed Jakarta Stock Exchange Composite Index (JCI INDEX) lower, Telkom Indonesia (TLKM IJ) share price held up.
- One of the reasons is the share buyback plan of IDR 4 trillion, or around 1.3%-1.4% of the total outstanding shares.
- The spin off entity, NeutraDC, has secured 100% commitment from its client, Gorilla Technology.
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