PT Telekomunikasi Indonesia spin-off boosts value and margins, keeping it a buy with strong Q3 outlook.

PT Telekomunikasi Indonesia Tbk remains a buy after spinning off its wholesale fiber business into a separate entity, which unlocks value, improves margins, and preserves cash flow for shareholder returns. The company's restructuring, disciplined pricing, and product simplification are expected to drive margin growth and a positive earnings surprise in Q3 2026. This strategic move could lead to a higher valuation multiple for the stock, making it attractive for investors seeking value and growth in the Asian market.

PT Telekomunikasi Indonesia Tbk shows a strong dividend yield of 9.56%, highlighting its appeal for income-focused investors. Despite a significant 14.71% drop in price to USD 10.90, the company maintains a robust market cap of $12.29 billion as of Oct 16, 2026, 18:41 WIB on Pluang. Trading volume is active at 5,679,606 shares, with nearly balanced order activity at 51% Sell and 49% Buy, reflecting mixed investor sentiment following the recent corporate restructuring news.