Daiwa: Telkom was Outperform with Target Price IDR 8,995/share

PT Telekomunikasi Indonesia (TLKM), Indonesia’s largest telephone company was rated “outperform” in new coverage at Daiwa Securities Capital Markets Co., which cited “compelling” valuations and “reasonably attractive” earnings growth. 

The brokerage initiated the company’s share-price estimate at 8,995 rupiah, according to a report by analysts Ramakrishna Maruvada and Calvin Neo.