TLKM IDX
TLKM has had a poor pattern so far, even though TLKM has quite good company fundamentals, penetration of its business network has been somewhat stagnant because it has expanded earlier than other brands in Indonesia. TLKM was stung because its investment in GOTO, which is now controlled by Bytedance, did not go well, apart from that, all GOTO founders resigned. Apart from that, Starlink entering Indonesia is a big threat to TLKM because it is very unfortunate that TLKM's internet services such as Indihome and several other products do not deny that there are lots of complaints from users. which causes or is feared that they will switch to using other brands such as EXCL, ISAT, or the one that looks very promising, namely Starlink.
But you need to remember that TLKM is a state-owned company which is very likely to be assisted by regulations and saved by the state at all costs, because one of the sensitive matters, namely user security, is a topic to be considered.
price predictions from us.
1 year ahead: IDR2800 - 3400
Next 3 years: IDR3600-4000 or 2200-3300 (depending on how the company responds and assistance from the government)
To discuss with me further, please comment below.
But you need to remember that TLKM is a state-owned company which is very likely to be assisted by regulations and saved by the state at all costs, because one of the sensitive matters, namely user security, is a topic to be considered.
price predictions from us.
1 year ahead: IDR2800 - 3400
Next 3 years: IDR3600-4000 or 2200-3300 (depending on how the company responds and assistance from the government)
To discuss with me further, please comment below.
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