11 Best Communication and Media Stocks to Buy According to Analysts

Page 6 of 10

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

Average Price Target Upside Potential According to Analysts: 38.07%

Number of Hedge Fund Holders: 7

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK), also simply known as PT Telkom Indonesia (Persero) Tbk, is an Indonesian multinational telecommunications corporation. The government of Indonesia is the majority owner of Telkom Indonesia’s shares. The company owns a number of businesses that operate in various sectors including fixed-line telephony, internet, multimedia, digital telecommunications, and information and communication technology. According to analysts, PT Telkom Indonesia (Persero) Tbk (NYSE:TLK) is one of the best communication stocks to invest in.

The company plays a crucial role in the country’s digital transformation and has positioned itself well to benefit from the smart city trend in Indonesia. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) covers more than 500 cities and regencies in Indonesia to support the government’s digitization initiatives. In terms of network availability, the company’s 4G service reaches about 97% of the population, supported by a robust infrastructure that includes 265,000 base transceiver stations (BTS) and the most extensive fiber optic network in Indonesia.

Additionally, PT Telkom Indonesia (Persero) Tbk (NYSE:TLK) is looking to capitalize on the high demand for data centers in Singapore by expanding its data center capabilities. As of October 2024, the company has a capacity of 42 MW, which the company plans to increase to 60 MW through the development of a hyperscale data center in Cikarang, Indonesia. PT Telkom Indonesia (Persero) Tbk (NYSE:TLK) believes that the overseas data center business could become a revenue generator in the future.

Page 6 of 10