TLKM Indonesia (TLKM IJ): Navigates market dynamics

TLKM Indonesia (TLKM IJ)
BUY / TP: IDR:3,770 (+55.7%)
Analyst: Chandra Pasaribu

Navigates market dynamics
• Market condition remains challenging
• New offering in the youth segment
• Unchanged strategy in broadband
• TP trimmed to IDR3,770, but we re-iterate BUY