JAKARTA (Yosefardi) – Investors focused selling shares of PT Telekomunikasi Indonesia Tbk (TLKM) this morning, dragged down the stock by 3% to Rp1135 per share, with over 91 million shares exchange hands.
The stock had regained 11.7% from its bottom in December 6, 2013. It reached Rp2630 on February 20, 2014. Then, investors now opted to lock in profit inline with market sentiment. While its peers, Indosat declined 0.12% and XL Axiata fell 0.95%.
TLKM booked net profit of Rp20.29 trillion in 2013, grew by 10.5% from Rp18.36 trillion in 2012. Earning per share (EPS) was Rp147.42.
Revenue increased 7.5% to Rp82.97 trillion from previous Rp77.14 trillion. While operating profit was Rp27.84 trillion, higher than Rp25.69 trillion in 2012.
Its assets totaled Rp127.95 trillion while liability amounted Rp50.53 trillion. Telkom’s cash and cash equivalent reached Rp14.69 trillion.