Day: August 2, 2022

First Half Results: Telkom vs Indosat

Shares of Telkom Indonesia (TLKM), market leader in the telco sector, gained 3.49% Tuesday (Aug 2) to make a market capitalization of Rp440 trillion, while Indosat (ISAT), the second largest, ended nearly flat to make market cap of Rp56 trillion. The gap in valuation is so big for Indosat to catch despite the merger with Hutchison 3. 

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