I maintain my "Buy" rating on Telekomunikasi Indonesia, after analyzing its corporate disclosures at recent events. TLK is making tweaks to its wireless segment's products, which should have a positive impact on the company's 2H25 results. It is also seeking to focus more on its core operations and unlock the value of its infrastructure assets.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
I rate Telkom Indonesia a buy, with a DCF-based price target of $21.75, offering 39% upside from current levels. ARPU declines from recent price wars are likely short-term, with market growth and convergence trends set to drive a rebound. TLK's digital infrastructure, especially its leading tower network, positions it for accelerated growth as 5G demand rises.
| Diversified Telecommunication Services Industry | Communication Services Sector | Honesti Basyir CEO | XFRA Exchange | US7156841063 ISIN |
| ID Country | 19,712 Employees | 12 Jun 2025 Last Dividend | 30 Jun 1999 Last Split | 14 Nov 1995 IPO Date |
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, commonly known as Telkom Indonesia, is a globally operating company specializing in information and communications technology (ICT) and telecommunications network services. Founded in 1884 and headquartered in Bandung, Indonesia, Telkom Indonesia has grown to offer a diverse range of services across multiple segments including mobile, consumer, enterprise, wholesale and international business, among others. The company's extensive portfolio targets a wide spectrum of customers, from individual users to large institutions, proving its significance in the global telecommunications industry.
Offers a comprehensive suite of mobile services including voice, SMS, and various value-added services along with mobile broadband. These services cater to the needs of individual consumers looking for reliable communication and internet access on the go.
This segment provides a broad range of services aimed at home customers. It encompasses fixed wireline services, pay TV, and internet services, ensuring consumers have access to high-quality telecommunications and entertainment at home.
Delivers end-to-end ICT solutions tailored for corporations and institutions. This includes a variety of services such as networking, cloud computing, and cybersecurity, designed to empower businesses with the technology needed for optimal operation.
Focuses on serving other licensed operators and institutions with interconnection services, broadband access, information technology services, data, and internet services. This segment plays a pivotal role in the global telecommunications infrastructure, facilitating international connectivity and communication.
In addition to the main telecom services, Telkom Indonesia also dives into adjacent areas adding diversity to its offerings. These include digital content products, big data analytics, business-to-business e-commerce, and financial services aimed at both individual and corporate clients. The company is also involved in leasing towers, digital support and various telecommunications services, providing hardware and software consultation, and managing data centers. Their engagement in property development, multimedia portal services, as well as business management consulting, showcases the company's versatility within the digital and real estate domains.