The New Normal policy that is currently being prepared will bring positive sentiment to some sectors, especially Telecommunication industry. Demand for Internet data will continue to rise as the people become more reliant on internet use to follow social and physical distancing protocol. NHKSI continues to recommend TLKM with a target price of IDR 3,800 with P/E of 19,3x until the end of 2020.
Weekly’s Top Stock Pick: TLKM
Support : 3030
Resistance : 3500
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