0227 GMT - Telkom Indonesia faces some headwinds including weak macroeconomic conditions in the country, UOB Kay Hian's Paula Ruth says in a research report. These conditions could constrain the telecom company's ability to raise data pricing, the analyst says. Also, other telecommunication companies' expansion to regions of Indonesia beyond Java island could lead to a lower premium for Telkom Indonesia's data pricing versus its peers, the analyst adds. The brokerage lowers its 2024 and 2025 Ebitda forecasts for the company by 2.7% and 3.5%, respectively. It also downgrades the stock to hold from buy and cuts the target price to IDR2,600 from IDR4,200. Shares closed at IDR2,310 on Friday. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 23, 2025 22:27 ET (02:27 GMT)
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