23.00 0.00 (0.00%)
After hours: 4:44PM EDT
|Bid||23.04 x 900|
|Ask||23.05 x 800|
|Day's Range||22.99 - 23.22|
|52 Week Range||16.97 - 25.62|
|Beta (5Y Monthly)||0.35|
|PE Ratio (TTM)||17.69|
|Forward Dividend & Yield||0.79 (3.40%)|
|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.
(Bloomberg) -- PT Dayamitra Telekomunikasi, the infrastructure unit of state-owned PT Telkom Indonesia, is considering an initial public offering that could raise about $1 billion, in what could be the country’s biggest first-time share sale in more than a decade, people familiar with the matter said.Dayamitra, also known as Mitratel, has asked for proposals on the potential offering in Jakarta and could pick advisers soon, said the people, who asked not to be named as the information is private. Deliberations are at an early stage and details of the offering could still change, the people said.“There is an IPO plan for Mitratel around end of the year, the preparation process is underway,” Ririek Adriansyah, president director of Telkom Indonesia, said in a text message in response to a Bloomberg News query. There are no further details to share and the company will announce more in due time, he said.At $1 billion, Mitratel’s potential IPO could be Indonesia’s largest since PT Indofood CBP Sukses Makmur’s $696 million offering in 2010, according to data compiled by Bloomberg.The telecommunications infrastructure firm would join gold miner PT Archi Indonesia, dairy firm Cimory Group and a state-owned geothermal merged entity in seeking a listing in Southeast Asia’s biggest economy. Companies have raised $137 million through first-time share sales in Indonesia this year, less than the $225 million raised over the same period in 2020, data compiled by Bloomberg show.Mitratel manages more than 16,000 telecommunication towers throughout Indonesia, according to its website. All Indonesian cellular operators are its tenants and have placed their base transceiver station devices in the Mitratel towers.(Updates with Indonesia’s IPO market data in fifth paragraph.)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.