|Bid||22.79 x 800|
|Ask||22.80 x 1300|
|Day's Range||22.74 - 23.00|
|52 Week Range||16.97 - 25.62|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||17.49|
|Forward Dividend & Yield||0.79 (3.48%)|
|Ex-Dividend Date||Jul. 09, 2020|
|1y Target Est||N/A|
(Bloomberg) -- PT Dayamitra Telekomunikasi, the infrastructure services unit of state-owned PT Telkom Indonesia, has picked banks to arrange its potential initial public offering in what could be the country’s biggest first-time share sale, according to people with knowledge of the matter.Mitratel, as the company is known, has chosen HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley to work on the planned Jakarta IPO, the people said. BRI Danareksa Sekuritas and Mandiri Sekuritas were also selected to help arrange the listing, the people said, asking not to be identified as the process is private.The company aims to raise about $1 billion from the first-time share sale as soon as this year, Bloomberg News reported on Tuesday. At $1 billion, the IPO would be the largest in the country to date since PT Indofood CBP Sukses Makmur’s $696 million offering in 2010, according to data compiled by Bloomberg.Mitratel could add more banks to the lineup at a later date, one of the people said. Deliberations are ongoing and details of the offering including size and timeline could change, the people said.Preparations for the Mitratel IPO are underway and the company will give more details in due course, Ririek Adriansyah, president director of Telkom Indonesia, said in response to a Bloomberg News query.Representatives for HSBC, JPMorgan and Morgan Stanley declined to comment.A representative for Mandiri Sekuritas couldn’t immediately comment. A representative for BRI Danareksa Sekuritas didn’t immediately respond to requests for comment.Mitratel manages more than 16,000 telecommunication towers throughout Indonesia, according to its website. It signed a deal in October with PT Telekomunikasi Selular, another Telkom Indonesia unit, to buy 6,050 towers.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
This trio of tech stocks with serious growth potential also comes with an impressive collection of dividend policies.
(Bloomberg) -- PT Telekomunikasi Selular, Indonesia’s biggest wireless network provider, is weighing investing in Gojek by buying $150 million of convertible bonds issued by the ride-hailing startup, according to people with knowledge of the matter.Telkomsel, a unit of state-owned PT Telekomunikasi Indonesia, has been in talks with Gojek on the matter for some time as part of a push to expand its digital business, said one of the people, who asked not to be identified as the process is private.Deliberations on the issue, including size and timing, are ongoing and there is no certainty that a deal will proceed, said the people. A representative from Gojek declined to comment.Telkomsel President Director Setyanto Hantoro said the company cannot comment on deals as it is bound by non-disclosure agreements, but it continues to seek opportunities to expand its services by building existing resources, borrowing via partnerships and buying external resources including startups.Telkomsel is the largest wireless carrier in the Southeast Asian nation with 171 million subscribers, according to Telkom’s 2019 annual report. The company counts Singapore Telecommunications Ltd. as a minority shareholder.Gojek has streamlined its core businesses to focus on digital payments, transport and food delivery in Indonesia, in a bid to move toward profitability. The startup is backed by some of the world’s largest technology companies including Google, Tencent Holdings Ltd., Facebook Inc. and PayPal Holdings Inc.Its arch-rival Grab Holdings Inc. has recently come under pressure from SoftBank Group Corp., its biggest investor, to work out a ceasefire with Gojek, and the two companies are in regular contact, Bloomberg News has reported.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.