2016, Telkomsel's Shares Outperform Indosat and XL Axiata

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02/11/2016 14:42 WIB

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Telecommunication Stock Price Movement (Index, January 4, 2016 = 100)

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Telecommunication Stock Price Movement (Index, January 4, 2016 = 100)

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Telekomunikasi Indonesia Tbk (Telkom)'s share price outperformed its two competitors, Indosat and XL Axiata. Between January 4th and November 1st, 2016, Telkom's share price increased by 34 percent, surpassing Indosat's 22 percent increase, while XL Axiata's share price declined by 40 percent.

Telkom's consistently strong financial performance makes its stock (TLKM on the Indonesia Stock Exchange) highly sought after by investors. Through the third quarter of 2016, Telkom's profit grew by 27.6 percent to Rp 86.2 trillion.

Meanwhile, XL Axiata only recorded a profit of Rp 159 billion in the January-September 2016 period, compared to a loss during the same period the previous year. Similarly, Indosat only recorded a profit of Rp 428 billion in the first half of 2016, after reporting a loss in the first half of 2015.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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2016, Telkomsel's Shares Outperform Indosat and XL Axiata

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