State telco operator Telekomunikasi Indonesia (TLKM) targets to conclude the merger of Indihome and Telkomsel by end this year or early next year. The Company is now preparing the operation model after the said merger. Consumers segment will be served by Telkomsel with mixed penetration of fixed and mobile technology.
Read MoreShares of PT MNC Energy Investments Tbk (IATA), owned by Hary Tanoesoedibjo, dropped 6.67% to Rp168 on Friday last week (September 16) to make a market capitalization of Rp1.92 trillion. The stock has fallen 42% from its peak (Rp292 on April 19, 2022), but the last quoted price reflecting a 154% gain year to date.
Read MoreConvenience store operator Sumber Alfaria Trijaya (AMRT, Alfamart) has just left its peak, but the last quoted price already reflected market capitalization of Rp92.6 trillion, nearly ten times its equity. Large format retailer PT Matahari Putra Prima Tbk (MPPA), where GOTO has substantial shareholding, meanwhile, is worth Rp1.5 trillion only. What a contrast!
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