10 Best Asian Stocks to Invest in According to Analysts

8. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Upside Potential: 28.68%

Stock Price as of January 27: $17.33

Number of Hedge Fund Holdings: 7

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK), also known as Telkom Indonesia is the largest telecommunications and network provider in Indonesia. The company offers a wide range of services, including fixed-line telephony, broadband internet, and mobile communications. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) plays a vital role in the country’s digital infrastructure.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) is actively pursuing a comprehensive digital transformation agenda through its “5 Bold Moves” strategy, which was launched in 2022. This strategy focuses on reorganizing the company’s structure, optimizing operations, and enhancing customer experience. One of the key initiatives under this strategy is the Group Procurement initiative, which has significantly improved the efficiency of capital expenditure (CapEx) for devices and networks. This has allowed Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) to serve a broader market segment, particularly in its Consumer business, while also reducing costs and enhancing the digital content offering. The company is also investing heavily in talent rejuvenation which has led to a more dynamic and skilled workforce.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) has also been implementing a Fixed Mobile Convergence (FMC) strategy. This involves integrating its fixed and mobile services to create a seamless and integrated customer experience. The FMC initiative has already shown promising results and a significant increase in fixed broadband customers. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) is also exploring partnerships to manage its data center business, aiming to enhance its position in the market and leverage the expertise of its partners. Additionally, the company has established PT Telkom Infrastruktur Indonesia as an Infrastructure Managed Service entity. This initiative will enable the company to invest in additional infrastructure while maintaining a healthy financial position.