Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (TLK), or Telkom Indonesia, is the biggest national telecomunication provider with 154 years long history. Also, it is the biggiest national provider of information, media, education and entertainment services. This emerging state-owned company calls atention because of its strongly growing business, $7.02 billion annual revenue and 22.94% annual net profit margin.
The company owns a large set of subsidary companies as TELKOMSEL, INFOMEDIA, TELKOM VISION, GSD, PRAMINDO, FELXI, SIGMA, FINNET, TELKOM INTERNATIONAL, MITRATEL and METRA, offering fixed wireline services and other telecommunications services including telex, leased lines, satellite, transponder, and small aperture terminals.
Five main business pillars are:
1. Fixed Phone (TELKOM Phone)
2. Mobile Phone (TELKOMSEL)
3. Fixed Wireless Access (TELKOM Flexi)
4. Network & Interconnection (TELKOM Intercarier)
5. Data & Internet Leased Channel Service (TELKOM Link); VoIP Service (TELKOM Save & Global 017); Internet Service (TELKOMNet) and SMS Service (TELKOMSEL, TELKOMFlexi & TELKOM SMS).
By the end of 2008 the company was counting with 86.6 millions of customers, including 65.3 millions of cellular, 8.6 millions of fixed wirelines and 12.7 millions of fixed wireless customers. The total number of customers is higher then complete population of Germany while the number of cellular customers is largely higher then complete populations of France or Great Britain. Still, the annual growth of number of clients is very strong reaching 35-40%. Taking in account that Indonesia is the world's fourth-most populous nation with more then 231 millions of inhabitants (3.4% of the world population), it is obvious that the growing potential is enormous. A very important detail is the fact that Indonesia is the world's 16th-largest country at 741,050 sq miles (1,919,440 square kilometers) of land area, consisting of 17,508 islands which are to be connected and comunicated. Obviously, there is a lots of space for the company growth in the following years and PT Telekomunikasi Indonesia has great potential and bright future.
It is not difficult to imagine what is gong to happen when the Indonesian Government opens up the telecomunications infrastructure and permits entrance of the foreign investments. In fact, it is previewed to open five sectors during March 2010 and the telecomunications infrastructure is among them. There are allready numerous rumors that Singapore Telecommunications is eager to enter into Telkom’s PT Dayamitra Telekomunikasi (Mitratel), subsidary company engaged in telecom infrastructure business.
The Government of the Republic of Indonesia holds the one outstanding Series A Share with special voting rights and 52,5% of common B Shares. The common B Shares are public traded in the stock exchanges in Jakarta, New York and London. The shares are also publicly offered without listing in Tokyo Stock Exchange. Telkom Indonesia is the 6th most profitable stock in the industry of diversified telecommunication services.
TELKOM ADR is listed and traded in New York Stock Exchange (NYSE) from 1995 under TLK ticker.
Yesterday close: 36.42 US$
52 Week Range: 20.03 - 41.87 US$
Market capitalization: 17.91B US$
P/E Ratio: 15.46
EPS Ratio: 2.36
Beta: 1.41
Pay-Out Ration for 2008: 55%.
Dividend/Yield: 0.11/3.57
Dividend is used to be payed in June.
The share has moderate negative and downward momentum from its maximum (41,87 US$) reached in December. Expected support is at 35US$.
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