Daiwa Set Target Price Indosat IDR 5,000/share

PT Indosat (ISAT), Indonesia’s second-biggest telephone company was rated “outperform” in new coverage at Daiwa Securities Capital Markets Co., which said Indosat is a beneficiary of the “robust” industry outlook and a “stable” pricing environment. 

The brokerage has a share-price estimate of 5,000 rupiah, according to a report by Ramakrishna Maruvada and Calvin Neo.