Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

The stock remains in a deep downtrend, trading well below both the 50-day and 200-day averages, which keeps the longer-term regime weak. It is also sitting near the lower end of its 52-week range, so any rebound still has to prove it can reclaim lost trend support.

Street sentiment is cautious, with a Hold consensus and a $24.10 average target that sits well above the current share price. One recent downgrade to Neutral reinforces a wait-and-see stance, even though the target still implies meaningful upside if execution stabilizes.

The next report lands after a mixed run: 3 of the last 5 quarters beat, but the most recent comparable quarter missed by 15.9%. Revenue growth is still positive at 1.5%, while earnings growth is down 21.6%, so shareholders should watch margin discipline and whether EPS can re-accelerate.

No notable insider buying or selling. The recent filings are all coded as other activity with zero shares, which points to administrative or non-discretionary items rather than a conviction signal from management.

Profitability remains solid, with a 58.7% gross margin, 14.21% ROE, and 7.38% ROA. Growth is softer, with revenue up 1.5% year over year and earnings down 21.6%, while the balance sheet carries net debt of about 39.36 trillion against 35.73 trillion in cash and equivalents.

TLK looks like a defensive, low-beta telecom name rather than a growth leader, with beta at 0.103 and a valuation around 13.1x earnings. That leaves it cheaper than many stable telecom peers on a risk-adjusted basis, but the market is still discounting its slower earnings trajectory.