TLK - Telekomunikasi Indonesia: Sell-Off Looks Overdone

2024-04-18 01:58:33 ET

Summary

• The recent pullback in Telekomunikasi Indonesia's shares is overdone, as the company's mobile ARPU outlook isn't as bad as feared in my opinion.
• Better-than-expected Q1 operating metrics and the successful monetization of the data center business via a partial sale might be potential catalysts for TLK.
• I remain bullish on Telekomunikasi Indonesia stock, as I think that a buying opportunity for the company's shares has emerged with the recent sell-off.

Elevator Pitch

PT Telekomunikasi Indonesia Tbk ( TLK ) [TLKM:IJ] is awarded a Buy investment rating. Earlier, I wrote about the outlook for Telekomunikasi Indonesia's different businesses in my February 4, 2024 article ....

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