Shares of Indosat Ooredoo (ISAT) opened as high as Rp7,050 this morning before retreating to Rp6,775 in the opening hours, representing 1.8% correction from last Friday’s closing when ISAT announced the proposed merger with PT Hutchison 3 Indonesia. Some investors believe ISAT is valued lower than Hutchison 3 in the consolidation. To subscribe please click here
