2023
- Q1
- Q2
- Q3
- Q4
- Tentang
- Berita
- Post
Tentang
Perusahaan perseroan (Persero) PT Telekomunikasi Indonesia Tbk was originally a part of “Post en Telegraafdienst”, which was established in 1884.The government separated postal & telecommunication services in 1965 into two state-owned companies, PN Pos & Giro and PN Telekomunikasi, respectively. In 1974, PN Telekomunikasi was further divided into two state-owned companies, Perusahaan Umum Telekomunikasi (Perumtel) and PT Inti. In 1980, the international telecommunications business was transferred from Perumtel to PT Indonesian Satellite Corporation Tbk (Indosat). In 1991, the Government transformed Perumtel from a “Perusahaan Umum” a state-owned company with public service as its principal corporate purpose into a “Persero”, a state-owned limited liability corporation with commercial purpose and renamed it Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia also known as TELKOM.VisionTelkom strives to enhance the quality of its operations through outstanding service to the people of Indonesia and to distinguish its superiority in telecommunication services by continually expanding and updating its network and by being at the forefront of technologies development and innovation.MissionTelkom’s mission to provide telecommunication services and information networks which are of the highest quality, which are both comprehensive and integrated and which are aimed to providing an optimal level of satisfaction and benefit for Telkom’s customers, shareholders, employees and other stakeholders.
2023
- Q1
- Q2
- Q3
- Q4
Post
sehari yang lalu
September 06th, 2024
Dow falls 200 points, S&P 500 posts third straight loss as growth fears plague investors
Stocks struggled Thursday as investors dumped risk assets and concerns mounted over the outlook for the U.S. economy ahead of Friday’s keynote labor report.
Dow.......40756 -219.2 -0.54%
Nasdaq. .17128 +43.4 +0.25%
S&P 500 5503 -16.7 -0.30%
FTSE...8242 -27.9 -0.34%
Dax......18576 -15.4 -0.08%
CAC......7432 -69.01 -0.92%
Nikkei....36657 -390.5 -1.05%
HSI........17444 -13.04 -0.07%
Shanghai.2788 +4.04 +0.14%
IDX....7681.04 +8.15 +0.74%
LQ45...943.78 +2.08 +0.22%
IDX30.478.25 +0.47 +0.10%
IDXEnergy. 2661.24 -1.34 -0.08%
IDX BscMat1331.25 -1.07 -0.08%
IDX Indstrl..1096.03 +3.65 +0.33%
IDXNONCYC.721.28 +11.56 +1.63%
IDX Hlthcare1490.10 -3.10 -0.21%
IDXCYCLIC...914.34 +11.51 +1.27%
IDXTechno 3295.93 -2.19 -0.07%
IDX Transp 1447.01 +5.61 +0.39%
IDX Infrast 1660.53 +20.58 +1.25%
IDX Finance1507.53 +20.61 +1.39%
IDX Banking1325.61 +9.34 +0.71%
IDX Property....735 +12.50 +1.73%
Indo10Yr.6.7160 +0.0230 +0.36%
ICBI....391.2530 +0.4694 +0.12%
US2Yr.3.766 -0.027 -0.72%
US5Yr 3.535 -0.021 -0.59%
US10Yr3.728 -0.026 -0.69%
US30Yr.4.019 -0.041 -1.01%
VIX..19.90 -1.42 -6.66%‼️
USDIndx 101.1070❗️-0.2510 -0.25%
Como Indx....271.27 +1.01 +0.37%
BCOMIN........139.94 -0.40 -0.29%
IndoCDS..70.74 +0.12 +0.17%
(5-yr INOCD5) (04/09)
IDR.......15401.00❗️ -78.50 -0.51%
Jisdor..15410.00❗️ -80.00 -0.52%
Euro...1.1110 +0.0026 +0.22%
TLKM...19.55 -0.28 -1.41%
( 3013)
EIDO...22.02 +0.18 +0.82%
EEM....42.56 +0.06 +0.14%
Oil..........69.35 +0.05 +0.07%
(WTI,Nymex)
Oil...........72.69 -0.01 -0.01%
(Brent)
Gold...2546.00 +20.80 +0.82%
(Comex)
Gold...2515.397 +20.61 +0.83%
(Spot/XAUUSD)
Timah..30771.00 +272.00 +0.89%
(Closed 05/09)
Nickel..16088.00 -92.00 -0.57%
(Closed 05/09)
Silver......29.16 +0.57 +1.99%
Copper.414.05 +5.55 +1.36%
Iron Ore 62% 92.93 -7.62 -7.58%‼️
(04/09)
Nturl Gas 2.258 +0.112 +5.22%
Ammonia China 2800.00 +176.67 +6.73%‼️
(Domestic Price)(05/09)
Coal price.141.00 +1.50 +1.08%
(Sept/Newcastle)
Coal price.140.50 +1.10 +0.79%
(Oct/Newcastle)
Coal price.142.00 +1.49 +1.00%
(Nov/Newcastle)
Coal price.143.50 +1.50 +1.06%
(Dec/Newcastle)
Coal price.114.00 -0.25 -0.22%
(Sept/Rotterdam)
Coal price.113.55 +0.40 +0.35%
(Oct/Rotterdam)
Coal price 114.55 +0.55 +0.48%
(Nov/Rotterdam)
Coal price.115.75 +0.90 +0.78%
(Dec/Rotterdam)
CPO(Nov)..3888 +31 +0.80%
(Source: bursamalaysia.com)
Corn.........410.75 -2.00 -0.48%
SoybeanOil 41.17 +1.01 +2.51%
Wheat......574.75 -6.00 -1.03%
Wood pulp.4908.00 -8.00 -0.16%
(Closed 05/09)
©️Phintraco Sekuritas
Broker Code: AT
Desy Erawati/ DE
Source: Bloomberg, Investing, IBPA, CNBC, Bursa Malaysia
Copyr«ight: Phintraco Sekuritas
undefined likes ∙ undefined comments
sehari yang lalu
September 06th, 2024
Dow falls 200 points, S&P 500 posts third straight loss as growth fears plague investors
Stocks struggled Thursday as investors dumped risk assets and concerns mounted over the outlook for the U.S. economy ahead of Friday’s keynote labor report.
Dow.......40756 -219.2 -0.54%
Nasdaq. .17128 +43.4 +0.25%
S&P 500 5503 -16.7 -0.30%
FTSE...8242 -27.9 -0.34%
Dax......18576 -15.4 -0.08%
CAC......7432 -69.01 -0.92%
Nikkei....36657 -390.5 -1.05%
HSI........17444 -13.04 -0.07%
Shanghai.2788 +4.04 +0.14%
IDX....7681.04 +8.15 +0.74%
LQ45...943.78 +2.08 +0.22%
IDX30.478.25 +0.47 +0.10%
IDXEnergy. 2661.24 -1.34 -0.08%
IDX BscMat1331.25 -1.07 -0.08%
IDX Indstrl..1096.03 +3.65 +0.33%
IDXNONCYC.721.28 +11.56 +1.63%
IDX Hlthcare1490.10 -3.10 -0.21%
IDXCYCLIC...914.34 +11.51 +1.27%
IDXTechno 3295.93 -2.19 -0.07%
IDX Transp 1447.01 +5.61 +0.39%
IDX Infrast 1660.53 +20.58 +1.25%
IDX Finance1507.53 +20.61 +1.39%
IDX Banking1325.61 +9.34 +0.71%
IDX Property....735 +12.50 +1.73%
Indo10Yr.6.7160 +0.0230 +0.36%
ICBI....391.2530 +0.4694 +0.12%
US2Yr.3.766 -0.027 -0.72%
US5Yr 3.535 -0.021 -0.59%
US10Yr3.728 -0.026 -0.69%
US30Yr.4.019 -0.041 -1.01%
VIX..19.90 -1.42 -6.66%‼️
USDIndx 101.1070❗-0.2510 -0.25%
Como Indx....271.27 +1.01 +0.37%
BCOMIN........139.94 -0.40 -0.29%
IndoCDS..70.74 +0.12 +0.17%
(5-yr INOCD5) (04/09)
IDR.......15401.00❗ -78.50 -0.51%
Jisdor..15410.00❗ -80.00 -0.52%
Euro...1.1110 +0.0026 +0.22%
TLKM...19.55 -0.28 -1.41%
( 3013)
EIDO...22.02 +0.18 +0.82%
EEM....42.56 +0.06 +0.14%
Oil..........69.35 +0.05 +0.07%
(WTI,Nymex)
Oil...........72.69 -0.01 -0.01%
(Brent)
Gold...2546.00 +20.80 +0.82%
(Comex)
Gold...2515.397 +20.61 +0.83%
(Spot/XAUUSD)
Timah..30771.00 +272.00 +0.89%
(Closed 05/09)
Nickel..16088.00 -92.00 -0.57%
(Closed 05/09)
Silver......29.16 +0.57 +1.99%
Copper.414.05 +5.55 +1.36%
Iron Ore 62% 92.93 -7.62 -7.58%‼️
(04/09)
Nturl Gas 2.258 +0.112 +5.22%
Ammonia China 2800.00 +176.67 +6.73%‼️
(Domestic Price)(05/09)
Coal price.141.00 +1.50 +1.08%
(Sept/Newcastle)
Coal price.140.50 +1.10 +0.79%
(Oct/Newcastle)
Coal price.142.00 +1.49 +1.00%
(Nov/Newcastle)
Coal price.143.50 +1.50 +1.06%
(Dec/Newcastle)
Coal price.114.00 -0.25 -0.22%
(Sept/Rotterdam)
Coal price.113.55 +0.40 +0.35%
(Oct/Rotterdam)
Coal price 114.55 +0.55 +0.48%
(Nov/Rotterdam)
Coal price.115.75 +0.90 +0.78%
(Dec/Rotterdam)
CPO(Nov)..3888 +31 +0.80%
(Source: bursamalaysia.com)
Corn.........410.75 -2.00 -0.48%
SoybeanOil 41.17 +1.01 +2.51%
Wheat......574.75 -6.00 -1.03%
Wood pulp.4908.00 -8.00 -0.16%
(Closed 05/09)
undefined likes ∙ undefined comments
sehari yang lalu
Market Info - 05 September 2024:
Top Akumulasi
- INKP - BB, 8.301
- INDF - AK, 6.896
- BBTN - NI, 1.394
- MTEL - OD, 656
- BFIN - CC, 989
Top Distribusi
- CUAN - AK, 8.905
- ANTM - MG, 1.345
- TKIM - BB, 7.176
- BCAP - MG, 84
- CPIN - PD, 4.864
Top Foreign Buy
- BBNI, 133 M, 5.436
- BMRI, 125 M, 7.192
- INDF, 95 M, 6.893
- BBCA, 50 M, 10.283
- BBRI, 39 M, 5.125
Top Foreign Sell
- TLKM, -76 M, 3.044
- BREN, -55 M, 10.953
- ANTM, -24 M, 1.348
- PTRO, -16 M, 13.540
- SRTG, -15 M, 2.345
Top Retail Buy
- BREN, 10.976
- SMRA, 621
- ADRO, 3.484
- ANTM, 1.348
- TLKM, 3.058
Top Retail Sell
- BMRI, 7.203
- BBNI, 5.433
- BBRI, 5.177
- INDF, 6.893
- ACES, 777
Note: Angka disebelah kode saham merupakan harga rata-rata penjualan / pembelian pada akhir perdagangan kemarin.
Rekomendasi Saham GRATIS: https://whatsapp.com/channel/0029VaKxuV34NViljulT5x1j
undefined likes ∙ undefined comments
sehari yang lalu
September 06th, 2024
Dow falls 200 points, S&P 500 posts third straight loss as growth fears plague investors
Stocks struggled Thursday as investors dumped risk assets and concerns mounted over the outlook for the U.S. economy ahead of Friday’s keynote labor report.
Dow.......40756 -219.2 -0.54%
Nasdaq. .17128 +43.4 +0.25%
S&P 500 5503 -16.7 -0.30%
FTSE...8242 -27.9 -0.34%
Dax......18576 -15.4 -0.08%
CAC......7432 -69.01 -0.92%
Nikkei....36657 -390.5 -1.05%
HSI........17444 -13.04 -0.07%
Shanghai.2788 +4.04 +0.14%
IDX....7681.04 +8.15 +0.74%
LQ45...943.78 +2.08 +0.22%
IDX30.478.25 +0.47 +0.10%
IDXEnergy. 2661.24 -1.34 -0.08%
IDX BscMat1331.25 -1.07 -0.08%
IDX Indstrl..1096.03 +3.65 +0.33%
IDXNONCYC.721.28 +11.56 +1.63%
IDX Hlthcare1490.10 -3.10 -0.21%
IDXCYCLIC...914.34 +11.51 +1.27%
IDXTechno 3295.93 -2.19 -0.07%
IDX Transp 1447.01 +5.61 +0.39%
IDX Infrast 1660.53 +20.58 +1.25%
IDX Finance1507.53 +20.61 +1.39%
IDX Banking1325.61 +9.34 +0.71%
IDX Property....735 +12.50 +1.73%
Indo10Yr.6.7160 +0.0230 +0.36%
ICBI....391.2530 +0.4694 +0.12%
US2Yr.3.766 -0.027 -0.72%
US5Yr 3.535 -0.021 -0.59%
US10Yr3.728 -0.026 -0.69%
US30Yr.4.019 -0.041 -1.01%
VIX..19.90 -1.42 -6.66%‼️
USDIndx 101.1070❗-0.2510 -0.25%
Como Indx....271.27 +1.01 +0.37%
BCOMIN........139.94 -0.40 -0.29%
IndoCDS..70.74 +0.12 +0.17%
(5-yr INOCD5) (04/09)
IDR.......15401.00❗ -78.50 -0.51%
Jisdor..15410.00❗ -80.00 -0.52%
Euro...1.1110 +0.0026 +0.22%
TLKM...19.55 -0.28 -1.41%
( 3013)
EIDO...22.02 +0.18 +0.82%
EEM....42.56 +0.06 +0.14%
Oil..........69.35 +0.05 +0.07%
(WTI,Nymex)
Oil...........72.69 -0.01 -0.01%
(Brent)
Gold...2546.00 +20.80 +0.82%
(Comex)
Gold...2515.397 +20.61 +0.83%
(Spot/XAUUSD)
Timah..30771.00 +272.00 +0.89%
(Closed 05/09)
Nickel..16088.00 -92.00 -0.57%
(Closed 05/09)
Silver......29.16 +0.57 +1.99%
Copper.414.05 +5.55 +1.36%
Iron Ore 62% 92.93 -7.62 -7.58%‼️
(04/09)
Nturl Gas 2.258 +0.112 +5.22%
Ammonia China 2800.00 +176.67 +6.73%‼️
(Domestic Price)(05/09)
Coal price.141.00 +1.50 +1.08%
(Sept/Newcastle)
Coal price.140.50 +1.10 +0.79%
(Oct/Newcastle)
Coal price.142.00 +1.49 +1.00%
(Nov/Newcastle)
Coal price.143.50 +1.50 +1.06%
(Dec/Newcastle)
Coal price.114.00 -0.25 -0.22%
(Sept/Rotterdam)
Coal price.113.55 +0.40 +0.35%
(Oct/Rotterdam)
Coal price 114.55 +0.55 +0.48%
(Nov/Rotterdam)
Coal price.115.75 +0.90 +0.78%
(Dec/Rotterdam)
CPO(Nov)..3888 +31 +0.80%
(Source: bursamalaysia.com)
Corn.........410.75 -2.00 -0.48%
SoybeanOil 41.17 +1.01 +2.51%
Wheat......574.75 -6.00 -1.03%
Wood pulp.4908.00 -8.00 -0.16%
(Closed 05/09)
©️Phintraco Sekuritas
Broker Code: AT
Desy Erawati/ DE
Source: Bloomberg, Investing, IBPA, CNBC, Bursa Malaysia
Copyr«ight: Phintraco Sekuritas
undefined likes ∙ undefined comments
sehari yang lalu
AUM REKSADANA vs IHSG
"AUM Reksa Dana Lesu saat IHSG Ngegas, Ini Penyebabnya"
Kamis, 5 September 2024 2024 | 18.53 WIB
Reporter: Annisa Kurniasari Saumi | Editor: Ibad Durrohman
Bisnis.com, JAKARTA — Kinerja asset under management (AUM) reksa dana menunjukkan penurunan tajam di saat Indeks Harga Saham Gabungan (IHSG) mencatatkan kenaikan. Manajer Investasi menjelaskan hal tersebut terjadi akibat pemilihan saham-saham yang mengalami kontraksi.
Direktur Purwanto Asset Management Edwin Sebayang menjelaskan IHSG pada penutupan 5 September 2024 menguat 5,61% year to date (YTD) karena dikontribusikan oleh saham-saham dari satu grup. Beberapa saham juga secara valuasi telah mahal.
"Apabila melihat yang lebih riil, yakni LQ45 sebenarnya masih turun 3,45%, jadi membuat tidak menarik dari sisi return," kata Edwin, Kamis (5/9/2024).
Di lain sisi, lanjut Edwin, banyak fund manager yang memasukkan saham-saham seperti TLKM yang melemah 33,5% YtD, ASII yang turun 10,2% YtD, GGRM yang anjlok 21,2% YtD, HMSP yang melemah 18,4% YtD, SMGR yang melemah 37%, dan INTP yang minus 27,4% YtD.
"Hal tersebut membuat kinerja return reksa dana pada fund manager masih minus hingga saat ini dan membuat malas para investor untuk menambah subscription RD Saham tersebut," tutur Edwin.
Dia melanjutkan untuk mengantisipasi dan mengimbangi penurunan harga-harga saham tersebut, maka terdapat beberapa strategi yang dijalankan para fund manager. Strategi tersebut seperti dengan mengurangi bobot saham yang tidak punya conviction untuk naik dan melakukan strategi active portofolio, serta berupaya untuk mencari lewat saham yang dijadikan Alfa.
"Dengan melakukan strategi di atas maka beberapa reksa dana return-nya meningkat dan paling sedikit mengurangi negatif return," ucapnya.
Sebagai informasi per Juli 2024, AUM industri reksa dana turun sebesar 4,33% YoY menjadi Rp497,5 triliun. Penurunan terbesar terjadi pada reksa dana saham, dengan AUM yang terpangkas hingga 18,36% YoY.
Di sisi lain, Indeks Reksa Dana Pendapatan Tetap (IRDPT) dan Indeks Reksa Dana Pasar Uang (IRDPU) masih mencatatkan kinerja lebih baik dibandingkan dengan indeks acuan mereka masing-masing.
•••••••••••••
https://market.bisnis.com/read/20240905/92/1797312/aum-reksa-dana-lesu-saat-ihsg-ngegas-ini-penyebabnya
undefined likes ∙ undefined comments
2 hari yang lalu
Selamat sore Warga TSY,
Berikut resume pasar di hari ini
tanggal 05 Sep 2024
🏦 Data Pasar (@tradingsantaiyuk)
IHSG = 7,681 (0.11%)💚
NetF = 481.48 M
📈 Data G/L (@tradingsantaiyuk)
Top Gainers
HOMI : 32.61%
KOPI : 25%
TAXI : 25%
ALKA : 24.84%
BINO : 24.3%
Top Losers
HADE : -14.29%
MDRN : -11.11%
BCAP : -11.11%
ESTA : -11.11%
PPRO : -10%
🤼♀️ Saham TerAktif
- KPIG
- APLN
- ACES
- ASRI
- BTEK
- ANTM
- BBRI
- TLKM
- PNLF
📊 Data Net Foreign Hari ini
Top NetBuy (@tradingsantaiyuk)
BBNI : 133.3 M
BMRI : 125.4 M
INDF : 95.9 M
BBCA : 50.8 M
BBRI : 39.3 M
Top NetSell (@tradingsantaiyuk)
TLKM : -76.4 M
BREN : -55.9 M
ASII : -53.2 M
ANTM : -24.8 M
PTRO : -16.3 M
🗂 Top Sektoral
idxpropert : 1.72%
idxnoncyc : 1.63%
idxbasic : 1.39%
idxhealth : 1.27%
idxenergy : 1.26%
idxtrans : 0.39%
idxfinance : 0.33%
idxcyclic : -0.05%
idxtechno : -0.07%
idxinfra : -0.08%
idxindust : -0.21%
#resumepasar
undefined likes ∙ undefined comments
2 hari yang lalu
IDX Closing Market - 5 september 2024
By @winrider_saham
IHSG ditutup di 7.681.04 ditutup naik +8.14 poin atau (+0.11%) dengan volume perdagangan sebesar 13.61 Milyar lembar saham dan nilai perdagangan sebesar 9.0 Triliun.
Sebanyak 348 saham naik, 235 saham turun dan 211 tidak mengalami perubahan.
Sektor yang mengalami kenaikan yaitu:
IDXPROPERT 1.72%
IDXNONCYC 1.63%
IDXFINANCE 1.39%
IDXCYCLIC 1.27%
IDXINFRA 1.26%
IDXTRANS 0.39%
IDXINDUST 0.33%
sedangkan sektor yang mengalami penurunan yaitu :
IDXENERGY -0.05%
IDXTECHNO -0.07%
IDXBASIC -0.08%
IDXHEALTH -0.21%
Top Gainer
HOMI, 32.6%
BINO, 24.3%
SICO, 21%
ASRI, 15.9%
LRNA, 15.2%
Top Loser
BCAP,-11.1%
KARW,-9.7%
MDLN,-9.1%
SMLE,-7%
PTRO,-5.7%
Top Nett Foreign Buy
BBNI, 133.3M
BMRI, 125.4M
INDF, 95.9M
BBCA, 50.8M
BBRI, 39.3M
Top Nett Foreign Sell
TLKM, -76.4M
BREN, -55.9M
ANTM, -24.8M
PTRO, -16.3M
SRTG, -15.6M
undefined likes ∙ undefined comments
2 hari yang lalu
🔹 TLKM mengalami throwback menguji area support 3000-3010, yang sebelumnya merupakan resistance neckline pola bullish cup with handle
🔸 Bertahan di level tersebut dan rebound, TLKM membuka peluang rally naik menuju target teoritical pola cup with hanlde di 3270, dan minor target di 3150.
🔹 Gagal bertahan dan closed di bawah level 3000, akan membatalkan proyeksi terbentuknya pola cup with handle tersebut.
Disclaimer ON ‼️
Like ❤️ and Share 📣 this content jika kalian rasa bermanfaat
Follow Me ✔️ for more content
💎Join Grup Priority :
👉🏼 Contact Us : 08123543925
undefined likes ∙ undefined comments
2 hari yang lalu
2nd SESSION JCI on 05.09.2024
(By: D'ORIGIN - Veni Fitriani)
https://t.me/D_ORIGIN
https://bit.ly/IGorigin
https://originaturuang.com/
JCI @7681.04 (+8.147pts) (+0.106%)
(H: 7722.23 ; L: 7650.80)
(Value: 9.840 T (NG 715 B)
Volume: 167.589 Lot (NG 10.227 M Lot)
(Adv.348 ; Decl.235 ; Unchg.211 shares)
IDXHIDIV20...581.35 (+0.03%)
IDX30...478.25 (+0.10%)
IDX80...132.15 (+0.34%)
LQ45...943.78 (+0.22%)
USD/IDR:
JISDOR : 15,490 ; 15,410
SPOT: 15,415 ; 15,395
JCI for tomorrow:
Support : 7675 ; 7650
Resist : 7700 ; 7725
8 MARKETs DRIVEN BY SECTOR
IDXBASIC (-0.08%) (1.08 T)
IDXENERGY (-0.05%) (1.32 T)
IDXFINANCE (+1.39%) (3.06 T)
IDXHEALTH (-0.21%) (229.78 B)
IDXINDUST (+0.33%) (374.35 B)
IDXINFRA (+1.26%) (1.41 T)
IDXPROPERT (+1.72%) (589.23 B)
IDXTECHNO (-0.07%) (111.10 B)
7 TOP GAINERs
HOMI @244 (+32.61%)
KOPI @370 (+25.00%)
TAXI @5 (+25.00%)
ALKA @382 (+24.84%)
BINO @266 (+24.30%)
SICO @127 (+20.95%)
DNET @8925 (+19.80%)
7 TOP LOSERs
HADE @6 (-14.29%)
BCAP @80 (-11.11%)
ESTA @104 (-11.11%)
MDRN @8 (-11.11%)
CNKO @9 (-10.00%)
IKAN @45 (-10.00%)
MEJA @198 (-10.00%)
8 MOST ACTIVE STOCKs BY VALUE
BBRI @5150 (+0.98%)
BREN @10750 (-4.44%)
BMRI @7175 (0.00%)
BBCA @10250 (-0.49%)
BBNI @5450 (+1.87%)
TLKM @3020 (-1.95%)
AMMN @10675 (-0.23%)
ADRO @3550 (-0.28%)
8 MOST ACTIVE STOCKs BY VOLUME
KPIG @188 (8.650.477 lot)
GOTO @52 (5.747.503 lot)
BUMI @99 (5.343.639 lot)
BSBK @61 (5.238.269 lot)
ASRI @248 (4.701.072 lot)
BCAP @80 (4.042.396 lot)
BULL @119 (3.183.665 lot)
DOOH @60 (3.181.520 lot)
"....Have a Blessed Thursday Evening...."
undefined likes ∙ undefined comments
2 hari yang lalu
Verdhana: Indonesian Telecom Sector - Bottoming ARPUs
Since the introduction of data services in Indonesian telecom sector, we have seen 3 stages in ARPU trends across major telcos. Today, blended (weighted average) ARPUs across these major telcos (TLKM / ISAT / EXCL IJ – All buys) have hovered around IDR43,000 per month (with average data traffic of ~12GB per user per month). This is a significant increase from average ARPUs of IDR33,000 in 2013 (the onset of data services). However, latest blended ARPUs (2Q24) is a slight decline from the peak ARPUs of ~IDR44,000 in 4Q23.
We attribute the recent drop to:
- On-going competition particular outside Java
- Soft purchasing power in the low-ARPU mass segments, and
- Seasonality due to election period in 4Q23-1Q24 period as well as the fact that peak holiday season having move forward to early in Apr24.
Amongst these telcos, we have seen that both EXCL and ISAT (in order) have clearly demonstrated improvements in their respective ARPUs, _most notably EXCL whereby its ARPUs has seen most jump and today its ARPUs are very much similar to Telkomsel (TSEL – Not listed). Indosat / ISAT has shown improvement post merger, but it has slowed in recent quarters_. Meanwhile, TSEL has shown visibly decline between 4Q23 – 2Q24 period.
Going forwards, we think broad trends in ARPUs across telcos should be positive; albeit the improvements will vary across operators. We think both EXCL and ISAT may continue to deliver outperforming results than TSEL, driven by gradual uptick in outside Java shares as well as lesser impacts from shifting away in revenue mix from legacy services. Ideally, we also wish to see more upward price adjustments for price-insensitive subscribers; which are typically high ARPU users. After all, for these segments, data services are predominantly for productive purposes as opposed to consumption activities, we think.
Consequently, combined with outlook for lower interest rate environment in the medium term, we see limited downside risks for Indonesian telcos. Bottoming out ARPU trends for these telcos would be one of the key catalysts for upward trends in FCFs and thus future dividends. For these reasons, we reiterate our Buy calls for these telcos.
undefined likes ∙ undefined comments