2024-02-04 02:38:52 ET
Summary
- Telekomunikasi Indonesia's mobile and broadband businesses could perform above expectations in the short term, considering the favorable market environment for the Indonesian mobile industry and its attractive Telkomsel Orbit offering.
- For the long term, TLK's data center still has a long growth runway ahead, taking into account its overseas market expansion plans.
- Telekomunikasi Indonesia deserves a Buy rating based on a comparison of its valuations with its growth outlook.
Elevator Pitch
I still rate PT Telekomunikasi Indonesia Tbk ( TLK ) [TLKM:IJ] as a Buy.
My previous update written on November 20, 2023 highlighted a number of positive factors for TLK such as the potential monetization of non-core businesses and the setting up of a new infrastructure company....
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For further details see:
Telekomunikasi Indonesia: A Buy For The Short Term And The Long Run