TLK stock: At 6.73 percent above Tradegate, Telkom Indonesia stock trades at EUR 11.10

Published on 10/23/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mirae kept Buy at IDR 3,400 on October 20, 2026. Telkom Indonesia stock costs EUR 11.10 on October 23, 2026, up 6.73 percent versus Tradegate close.

Price and analyst facts

Telkom Indonesia stock stood 6.73 percent above the Tradegate close on October 23, 2026.
Mirae Asset maintained a Buy rating and an IDR 3,400 target on October 20, 2026.
Telkom Indonesia stock costs EUR 11.10 at Lang & Schwarz on October 23, 2026 at 3:13 p.m. CEST.
Third-quarter results are scheduled for October 29, 2026.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia stock (ISIN US7156841063) traded at EUR 11.10 at Lang & Schwarz on October 23, 2026 at 3:13 p.m. CEST, up 6.73 percent versus the Tradegate close of October 22, 2026 at EUR 10.40. The move puts the New York-listed ADR above its latest German venue reference as investors weigh the telecom group's digital infrastructure plans.

Mirae Asset Sekuritas Indonesia maintained a Buy rating and an IDR 3,400 target on October 20, 2026. Its report cited NeutraDC's fully committed Batam pipeline and Telin's heavily used subsea routes as growth drivers, while identifying power supply and execution as risks.

Second-quarter profit improved

Telkom Indonesia reported second-quarter 2026 revenue of IDR 38.69 trillion and net income of IDR 6.28 trillion. Simply Wall St reported that the net margin reached 16.20 percent, compared with 13.50 percent a year earlier. The revenue figure came in above the second-quarter 2025 level, although the source did not state the prior-year amount.

Price position stays wide

The primary listing is on the NYSE in USD. The stock's 52-week range was USD 10.15 to USD 23.52 in the latest quoted market data, placing the current ADR near the lower end of that band. Telkom Indonesia's market capitalization was USD 12.0 billion as of October 22, 2026, while its trailing price-to-earnings ratio was 12.93.

What supports the valuation?

Mirae Asset's October 20 report projected 2027 revenue of IDR 153.80 trillion and net profit of IDR 20.87 trillion. The same report put the 2027 price-to-earnings ratio at 8.40 and the dividend yield at 9.10 percent. Its central operating constraint was power availability: planned Batam data-center capacity reached 118 megawatts, against 54 megawatts previously planned.

Results date and peer view

Quanteia lists October 29, 2026 as Telkom Indonesia's next earnings date. That release should provide the next test of second-quarter margin improvement and digital infrastructure spending.

Comparison with peers

Telkom Indonesia: up 1.82 percent on the IDX, price-to-earnings ratio 12.93, market capitalization IDR 220.8 trillion.
PT XLSMART Telecom Sejahtera: up 2.22 percent on the IDX, market capitalization IDR 33.5 trillion.
PT Indosat Ooredoo Hutchison: down 1.92 percent on the IDX, price-to-earnings ratio 7.69, market capitalization IDR 57.6 trillion.

Stock remains above Tradegate close

For investors, the key split is clear: the ADR has recovered above the latest German venue reference, while the local shares still trade far below Mirae Asset's IDR 3,400 target. The next dated catalyst is the October 29, 2026 results release.

The stock was trading at EUR 11.10 at Lang & Schwarz on October 23, 2026 at 3:13 p.m. CEST, 6.73 percent above the Tradegate close of October 22, 2026 at EUR 10.40. The further course of trading is shown by the continuously updated real-time quote of Telkom Indonesia stock.