PT Telekomunikasi Indonesia Tbk ( (TLK) ) has issued an update.
In October 2023, PT Telekomunikasi Indonesia Tbk received a document request from the U.S. SEC related to Telkominfra’s involvement in a 4G infrastructure project with the Indonesian government. The SEC investigation has expanded to include accounting and financial reporting issues, while the U.S. DOJ is also investigating compliance with the FCPA. The company is cooperating with these investigations and has engaged outside counsel for an internal review. The outcome of these investigations is uncertain, but they could impact the company’s reputation and financial condition.
Spark’s Take on TLK Stock
According to Spark, TipRanks’ AI Analyst, TLK is a Outperform.
PT Telekomunikasi Indonesia Tbk demonstrates strong financial performance and attractive valuation metrics. While the earnings call highlights strategic growth opportunities, it also brings attention to current pressures on margins and earnings. The balanced leverage and cash flow resilience underpin its stability, though technical indicators suggest moderate momentum, warranting a cautious approach.
To see Spark’s full report on TLK stock, click here.
More about PT Telekomunikasi Indonesia Tbk
PT Telekomunikasi Indonesia Tbk is a state-owned telecommunications company in Indonesia, providing a range of telecommunication services and infrastructure, focusing on enhancing connectivity across the nation.
YTD Price Performance: -7.84%
Average Trading Volume: 809,423
Technical Sentiment Signal: Buy
Current Market Cap: $15.1B
For an in-depth examination of TLK stock, go to TipRanks’ Stock Analysis page.