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TLKM – Data Segment Still Solid in 1Q20

  • Author
  • Recent Posts
Restu Pamungkas
Restu Pamungkas
Analyst - Telco, Tower, Toll Road, Poultry
Restu Pamungkas
Latest posts by Restu Pamungkas (see all)
  • JSMR – Divestment to Strengthen Capital Structure - August 5, 2021
  • TBIG – Limited Tower Acquisition Potential - July 23, 2021
  • TLKM – Strengthening Data Center Business - July 14, 2021

In 1Q20, the Data, Internet, and IT Services grew 7.2% YoY. However, the company’s income and net profit dropped as the SMS, Fixed and Cellular Voice segment fell by 21.4% YoY. The 1Q20 performance still achieved our expectations with income estimation of FY20 amounting to IDR138.7 trillion (composing 24.7% of our estimation).

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