Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Stock

PT Telekomunikasi Indonesia Tbk (NYSE:TLK) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 3:00 AM ET. Key company participants include Octavius Oky Prakarsa, the VP of Investor Relations, and Ririek Adriansyah, the President and CEO. Analysts from various financial institutions, such as Citigroup and HSBC, will also join the call to discuss the unaudited results for the first nine months of 2024.

I maintain a Buy rating for Telekomunikasi Indonesia due to the better competitive landscape for its mobile services and the promising growth potential of its data center business. In the second quarter of 2024, TLK's mobile average revenue per user (ARPU) stayed steady, and its competitors have started increasing prices, suggesting that price competition in the Indonesian mobile market is easing. Additionally, TLK's data center revenue rose by 22% year-on-year in the first half of 2024, and the future looks bright for this segment as the company aims to expand its capacity by 2030 and is looking for strategic investors.

Investors looking for stocks in the Diversified Communication Services sector might want to consider either PT Telekomunikasi (TLK) or Telus (TU). But which of these two stocks is more attractive to value investors?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PT Telekomunikasi (TLK) have what it takes?

Investors with an interest in Diversified Communication Services stocks have likely encountered both PT Telekomunikasi (TLK) and BCE (BCE). But which of these two stocks presents investors with the better value opportunity right now?

I believe the recent drop in Telekomunikasi Indonesia's stock is excessive, as the outlook for mobile ARPU is not as negative as anticipated. Positive Q1 performance and the successful sale of part of the data center business could drive TLK's stock higher. I am optimistic about Telekomunikasi Indonesia's stock and see the recent decline as a chance to buy at a good price.

Telekomunikasi Indonesia's mobile and broadband businesses could perform above expectations in the short term, considering the favorable market environment for the Indonesian mobile industry and its attractive Telkomsel Orbit offering. For the long term, TLK's data center still has a long growth runway ahead, taking into account its overseas market expansion plans. Telekomunikasi Indonesia deserves a Buy rating based on a comparison of its valuations with its growth outlook.