Update COVID-19 in Indonesia: 28,233 confirmed infections, 1,698 deaths (3 June 2020)
03 June 2020 (closed)
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Jakarta Composite Index (4,941.01) +93.50 +1.93%
Indonesia's largest telecommunication & network provider Telekomunikasi Indonesia (Telkom) has conducted a stock split with a ratio of 1:5 yesterday (29/08). The company, which is majority owned by the Indonesian government and has a dominating market share of around 47% in terms of mobile phone subscribers in Indonesia, decided to conduct the stock split to increase the company’s share liquidity. A cheaper price will be more appealing to investors. The stock split was agreed upon at the general shareholders' meeting on 19 April 2013.
In 2013 (up to 28 August 2013), Telkom's shares have risen 12.8 percent, which is a much better performance than Indonesia's general index (IHSG), which fell 5.57 percent this year so far up to 29 August 2013 amid global turmoil after the Federal Reserve announced to be planning to cut its massive quantitative easing program towards the end of this year. This QE3 program had resulted in the inflow of many cheap funds into emerging markets, such as Indonesia.
Telkom is one of the largest Indonesian companies in terms of market capitalization. It is the parent company of the Telkom Group, which is engaged in a range of businesses that include telecommunication, multimedia, property and finance services.
Click here for a detailed company profile of Telkom Indonesia. This profile includes background information of Telkom, financial highlights and an analysis of the future prospects of Indonesia's telecommunication sector.