JAKARTA (Yosefardi) – Investors focused buying on shares of PT Telekomunikasi Indonesia Tbk (TLKM) this morning, boosting the stock by 5.69% to Rp11,150 per share. Year to date, TLKM had gained 21% but lost 10% from its pick in end of May.
Telkom booked net profit of Rp4.99 trillion in first quarter of 2013 on revenues of Rp19.55 trillion. Its profit margin was 25.5% with cellular customers reaching 120 million.
Its assets totaled Rp116.1 trillion while liability amounted Rp44.14 trillion. Telkom is now studying to sell Mitratel through IPO or backdoor listing (merging with existing listed companies).