Telekomunikasi Indonesia: Turning Bullish On Positive Developments (Rating Upgrade)

I upgrade PT Telekomunikasi Indonesia Tbk to 'Buy' after identifying favorable read-throughs from recent events. TLK secured the largest spectrum share at significantly reduced costs, enhancing its 5G capacity and competitive positioning. Potential special distributions from future asset sales support a compelling capital return outlook. The new biometric SIM registration scheme is likely to improve TLK's subscriber retention and profit margins. I'm revising my rating for PT Telekomunikasi Indonesia Tbk ( TLK ) (TLKM.JK) from 'Hold' to 'Buy.' There are encouraging read-throughs from the recently-concluded spectrum auction, regulatory updates, and TLK's own stockholder meeting. Its below-expectations FY25 EPS and value-enhancing asset monetization were