Opinions
The Panic-Proof Portfolio (Stockchase Research)
Telekomunik Indonesia P.T.
TLK-N
TOP PICK
Jul 01, 2025
Stock price when the opinion was issued
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Premium contentTLK is the top provider of telecommunication services in Indonesia with almost 160 million mobile users. Recently reported revenues were up 29% on the year, while the company is rolling out 4G and 5G infrastructure. The robust dividend is backed by a payout ratio under 80% of cash flow. We recommend setting a stop-loss at $12, looking to achieve $22 -- upside potential of 33%. Yield 6.9%
(Analysts’ price target is $22.30)Premium contentWe reiterate Indonesia's largest telecom with over 160 million customers as a TOP PICK. Recently released earnings showed a 10% growth in personal account revenues along with a 14% increase in data consumption. This allowed cash reserves to continue to grow, despite aggressively retiring debt and buying back shares. It trades at 12x earnings, 2x book and supports a ROE of 16%. We recommend trailing up the stop (from $12.00) to $15.00, looking to achieve $20.50 -- upside potential of 17%. Yield 6.5%
(Analysts’ price target is $20.12)
We again reiterate TLK, Indonesia's largest telecom with over 160 million customers, as a TOP PICK. We like that cash reserves continue to grow as debt is retired and shares are bought back. It trades at 12x earnings, 1.9x book and supports a ROE of 16%. The robust dividend is backed by a manageable payout ratio of 2/3 of cash flow. We recommend maintaining a stop at $15, looking to achieve $20 -- upside potential of 15%. Yield 6.8%
(Analysts’ price target is $19.75)