New Street Research - PROFESIONAL TELEKOMUNIKASI INDONESIA PT (2743003Z) Telkom Indonesia (Buy, IDR: 5,000 from 6,000, +38%) Thoughts after the call – Downgrade price target, but stay Buyer (just).

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New Street Research

Chris Hoare

EUR 9330.00 For Business Accounts Only

Telkom Indonesia (Buy, IDR: 5,000 from 6,000, +38%) Thoughts after the call – Downgrade price target, but stay Buyer (just).

Q4 2023 was another disappointing quarter for Telkom Indonesia. We cut our price target to IDR 5,000 but retain the Buy recommendation. Our thoughts following the call below.

26/03/2024 1 EN

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PROFESIONAL TELEKOMUNIKASI INDONESIA PT

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Chris Hoare

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Telkom Indonesia (Buy, IDR: 5,000 from 6,000, +38%) Thoughts after the call – Downgrade price target, but stay Buyer (just).

Indonesian Telcos Q4 23 review: Strong execution from XL and Indosat; mobile fundamentals remain healthy

Indonesian Telcos Q3 23 review: IndiHome/Telkomsel merger sparking inflection

Altice Model Update

MELI US (Buy, TP: $1,800, +25%) Q1 24 - Argentina really is in the price now, Brazil and Mexico profitability well ahead

ATUS: quick thoughts following the call

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