Telekom Indonesia Shares Drop 11.4% to $20.75
Telekom Indonesia is down -11.4%, or -$2.68 to $20.75.
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- Disappointing Earnings: Qorvo reported third-quarter financial results with fourth-quarter revenue guidance projected between $775 million and $825 million, significantly below the market estimate of $904.59 million, indicating sales pressure on the company.
- Lowered Earnings Expectations: The company anticipates adjusted earnings per share in the range of $1.05 to $1.35 for the fourth quarter, compared to the market expectation of $1.37, reflecting potential declines in profitability.
- Significant Stock Reaction: In pre-market trading, Qorvo shares fell 10.5% to $74.11, as investor concerns over the financial outlook weakened market confidence.
- Market Trend Divergence: While Nasdaq 100 futures rose over 200 points, Qorvo's negative earnings report impacted its stock price, highlighting a divergence between individual stock performance and overall market trends.
Stock Performance Overview: TLK's share price has a 52-week range with a low of $13.15 and a high of $21, currently trading at $16.75.
Market Analysis Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Stock Performance: TLK's stock has a 52-week range with a low of $13.15 and a high of $21, currently trading at $17.03.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Annual Report Filing: Telkom Indonesia has filed its annual report on Form 20-F for the year 2024 with the U.S. Securities and Exchange Commission, as required by the New York Stock Exchange regulations.
Access to Report: The 20-F report is available on Telkom Indonesia's website and the SEC's website, and investors can request a hard copy of the report, including audited financial statements, free of charge.
ETF Performance Analysis: The Invesco International Dividend Achievers ETF (PID) has an implied analyst target price of $22.66 per unit, indicating a potential upside of 19.16% from its current trading price of $19.02.
Key Holdings with Upside Potential: Notable underlying holdings such as PT Telekomunikasi Indonesia TBK, Brookfield Renewable Partners LP, and Logitech International SA show significant upside to their respective analyst target prices, suggesting optimism among analysts about future performance.
Stock Performance Overview: PT Telekomunikasi Indonesia TBK (TLK) shares have entered oversold territory with an RSI of 29.6, indicating potential exhaustion of recent selling pressure, as the stock traded as low as $14.16 per share.
52 Week Range Context: TLK's 52-week range shows a low of $14.16 and a high of $26.85, with the last trade recorded at $14.51, suggesting possible entry points for bullish investors.







