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Premier Insight : TLKM, Indihome’s 2Q19F subscribers reached 6mn
Friday, July 12, 2019       09:37 WIB

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: Telkom Indonesia ( IJ; Rp4,270; Buy)-Indihome's 2Q19F subscribers reached 6mn (+9%QoQ/+45%YoY). This is according to 's representative. Indihome is 's fixed broadband and pay TV business. Indihome also uses virtual reality (VR) to train its technicians for risky training, e.g. tower installation, submarine cable, etc. said this VR based training helps to lower training cost by up to 37%. (Bisnis Indonesia, Indotelko)
 Comment: The 2Q19F Indihome's number of susbcribers is in-line to our FY target as implied 1H19F new Indihome subscribers of 900K accounted 53% of our 2019F target. 1Q19 Indihome's revenue contributes 12% of 's revenue. We have a Buy with TP Rp4300. We will monitor 2Q19F result to assess Lebaran impact and 's enterprise business growth (might affect operation and maintenance expense trend).  

Sumber : IPS RESEARCH

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