Premier Insight : TLKM, Indihome targets 7.5mn subscribers until 2019F
Thursday, July 18, 2019       09:08 WIB

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Telkom Indonesia ( IJ; Rp4,230; Buy)'s Indihome targets 7.5mn subscribers until 2019F. Indihome, 's fixed broadband, currently focusing on expanding network and giving attractive contents. (Kontan).
 Comment: We expect insignificant impact to in the near term as: If we raised our 2019F Indihome subscribers to 7.5mn (same as news mentioned; 10% higher than our 2019F Indihome), it would increase a bit 2019F Indihome's revenue contribution to 12% from 11% to 's revenue, but give insignificant impact to our 2019F TKLM 's revenue. We have a Buy with TP Rp4300. 

Sumber : IPS RESEARCH

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