Telkom Indonesia stock: POEMS rates Telkom Indonesia Reduce

Published on 10/21/2026 at 16:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached IDR 75.90 trillion. Telkom Indonesia stock costs EUR 10.50 on October 21, 2026, up 11.70 percent versus Tradegate close.

Analyst rating and revenue

POEMS rated Telkom Indonesia Reduce on October 7, 2026.
First-half 2026 revenue reached IDR 75.90 trillion.
Telkom Indonesia stock stood at EUR 10.50 in Stuttgart on October 21, 2026, up 11.70 percent versus the Tradegate close.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia stock drew a Reduce rating from POEMS in a report dated October 7, 2026, while first-half revenue reached IDR 75.90 trillion. The latest euro quote stood at EUR 10.50 on Stuttgart on October 21, 2026 at 8:01 a.m. CEST, up 11.70 percent versus the Tradegate close of October 19, 2026.

Reduce rating follows resilient results

POEMS maintained a Reduce recommendation on October 7, 2026. Its research described first-half revenue growth of 3.90 percent to IDR 75.90 trillion, while earnings before interest, taxes, depreciation and amortization rose 3.80 percent to IDR 37.50 trillion.

The report also put the operating margin at 49.40 percent and normalized net profit at IDR 11.30 trillion, up approximately 6.00 percent year over year. The same research highlighted a new IDR 4.00 trillion buyback program and fiscal-year 2025 dividends of IDR 22.00 trillion.

Revenue growth supports the valuation debate

Telkom's first-half figures show a measured top-line expansion rather than a sharp acceleration. Mobile average revenue per user rose 9.10 percent year over year to IDR 45,600, according to POEMS.

A separate report from Investortrust dated October 20, 2026 said Mirae Asset maintained a buy recommendation on the Indonesian-listed shares with a target of IDR 3,400. The report identified data centers and submarine cables as growth areas, while warning that electricity supply and capacity execution could slow expansion.

Trading position and company structure

The Stuttgart quote was EUR 10.50 at 8:01 a.m. CEST on October 21, 2026. The same onvista market page showed a 52-week USD range of USD 10.15 to USD 23.52 and a market capitalization of EUR 861.84 billion, but the latter conflicts with the structured market value and is excluded from the fact box.

Telkom Indonesia operates telecommunications, information technology and network businesses. Its official website lists more than 41,000 towers, more than 170,000 kilometers of fiber optic cable and more than 30 global data centers.

What comes next for Telkom

Telkom's official website dated October 20, 2026 carried releases on its strategic holding direction and the accelerated buyback program. The company also reported fiscal-year 2025 financial and annual reports on its investor information pages.

Price stands above the Tradegate close

The Stuttgart quote of EUR 10.50 on October 21, 2026 at 8:01 a.m. CEST stood 11.70 percent above the Tradegate close of EUR 9.40 on October 19, 2026. The comparison places the euro quotation well above the last dated German venue close while the NYSE-listed ADR remained the primary U.S. listing.