Telkom Indonesia stock gained 1.40 percent on October 7

Published on 10/08/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 3.9 percent to IDR 75.9 trillion, while a one-analyst consensus put the target at USD 17.00. The fiber spin-off awaits legal steps.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia (ISIN US7156841063) was last at USD 13.04 on the NYSE on October 7, 2026, up 1.40 percent from USD 12.86. The move puts the ADR well below its 52-week high of USD 23.52, while the company enters the final quarter with a major fiber restructuring underway.

Revenue grew in first half

Liputan6 reported on September 22, 2026, that consolidated first-half revenue reached IDR 75.9 trillion, a 3.9 percent year-over-year increase. EBITDA rose 3.8 percent to IDR 37.5 trillion, with a 49.4 percent margin, while net income increased 1.4 percent to IDR 10.6 trillion.

The normalized net income figure was IDR 11.3 trillion, up 6.2 percent year over year, giving investors a useful contrast with the 1.4 percent increase in reported net income. Telkom also maintained its 2026 normalized-revenue growth target of 1 to 3 percent and an EBITDA margin target above 50 percent, according to the same September 22 report.

Fiber assets move to InfraNexia

Telkom shareholders approved the Phase 2 partial spin-off of the wholesale fiber connectivity business at the September 30, 2026 extraordinary meeting. The StockTitan filing says the transfer involves a subsidiary that Telkom owns directly at 99.99 percent and remains subject to applicable legal and regulatory requirements.

The filing records 86,213,186,452 votes in favor of the spin-off agenda. That structure could make infrastructure monetization more visible, but execution and regulatory completion remain the immediate operational checkpoints.

One analyst sets USD 17 target

Bullstory listed a consensus rating of none from one analyst on October 7, 2026, with an average, high and low price target of USD 17.00. The target lies 30.37 percent above the October 7 price of USD 13.04, although the single-analyst sample gives the figure limited breadth.

Telkom Indonesia had a market capitalization of USD 12.9 billion and traded 1,019,905 shares on October 7, 2026. The 52-week range of USD 12.38 to USD 23.52 leaves the stock 44.56 percent below its yearly high.

Stock remains below yearly high

Telkom Indonesia was last at USD 13.04 on the NYSE on October 7, 2026, with the 1.40 percent daily gain providing the immediate market reference while the fiber transfer and second-half execution shape the longer business case.