Research

TLKM: Is Now the Time to “Cut Loss” GOTO?

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Algo Research Team

Company | Feb 26, 2025 | Views: 1199

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Key Summary:

  • TLKM's initial investment amounted to IDR6.4tn for 2% ownership
  • TLKM's stake in GOTO is now down -72% or a loss of IDR4.6tn
  • Proceeds could be used for dividends to support Danantara

Back in December 2022, we wrote a research report on TLKM’s potential investment loss from GOTO (read here), as its mark-to-market investment value declined in line with the share price.


In the research, we suggested that TLKM’s share price could drop below IDR3,000/share, when at the time it was trading at IDR3,600/share, as GOTO’s weak performance could hurt sentiment for TLKM.

How was our research?

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