Shares of PT Telkom Tbk (TLKM), the largest telecommunication company in Indonesia, opened higher by 1.3% Monday (Mar 6) as investors responded positively the Company’s solid performance last year. Telkom booked net profit of Rp19.35 trillion last year, an increase of 24.9% from 2015, thanks to strong sales revenue growth of 13.6% to Rp116.33 trillion. The current price reflects PE multiple 20 on 2016 earnings. To subscribe please click here