Key Indices


Top Stories
Company Results | Indosat (ISAT IJ/BUY/Rp1,570/Target: Rp2,450)
- Maintain BUY with a lower target price of Rp2,450. Our target price is based on 4.24x 2027F EV/EBITDA, or -0.5SD to its five-year average, reflecting near-term earnings pressure from weaker cellular revenue and rising costs. ISAT’s AI Cloud expansion and nationwide 5G rollout offer long-term growth potential, with contracted AI Cloud revenue expected to exceed US$300m annually from 2027. However, elevated capex ahead of revenue generation remains a key near-term concern.
Technical Analysis
Bank Central Asia | BBCA IJ
- Trading Buy Range: We have a technical Buy at Rp5,250, and take profit at Rp5,550.
Japfa Comfeed Indonesia | JPFA IJ
- Trading Buy Range: We have a technical Buy at Rp1,805, and take profit at Rp1,950.
Top Stories
Company Results | Indosat (ISAT IJ/BUY/Rp1,570/Target: Rp2,450)
- Maintain BUY with a lower target price of Rp2,450. Our target price is based on 4.24x 2027F EV/EBITDA, or -0.5SD to its five-year average, reflecting near-term earnings pressure from weaker cellular revenue and rising costs. ISAT’s AI Cloud expansion and nationwide 5G rollout offer long-term growth potential, with contracted AI Cloud revenue expected to exceed US$300m annually from 2027. However, elevated capex ahead of revenue generation remains a key near-term concern.
Technical Analysis
Bank Central Asia | BBCA IJ
- Trading Buy Range: We have a technical Buy at Rp5,250, and take profit at Rp5,550.
Japfa Comfeed Indonesia | JPFA IJ
- Trading Buy Range: We have a technical Buy at Rp1,805, and take profit at Rp1,950.
Key Indices


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