Continue Telkom Shares Buyback?

MAKE MONEY:JAKARTA: PT Telekomunikasi Indonesia (Telkom) plans to continue repurchase (buyback) of shares in public companies whose plans to buy shares despite its subsidiary PT Telkomsel.

Head of Corporate Communication, Telkom, Eddy Kurnia said thetwo corporate actions that do exist in the company's plan, butimplementation will not be done simultaneously.

He said the purchase of shares of Telkomsel is the long-term plan for the company, while the share buyback will be conductedaccording to the needs of the company.

"different stages. For [the purchase of shares] Telkomsel is a long-term planning. Problem public stock buyback will be conducted as needed. Later when it [the implementation and the magnitude ofthe buyback], patiently," he said today.

Unfortunately, Eddy was reluctant to discuss in more detail againabout the company share buyback plans.

Previously, it has been reported that Telkom president directorRinaldi Firmansyah company revealed plans for public stockbuyback in the near future. It was dikakukan see unfavorablemarket conditions.

At that time, Rinaldi says must obtain permission in SashamGeneral Meeting (AGM) to perform corporate actions, includingdiscussing funding to buy back its shares in the public.

Based on the data in state-owned telecommunications web site, the composition of this TLKM coded stock amounted to 52.47%owned by the government and the rest equal to 47.53% of public property.

At the close of afternoon trading today, shares close higher TLKM0.7% or 50 points to level Rp7.200 of the day yesterday closing atRp7.150 and make market berkapitalisasi of Rp15, 46 trillion.(Hwi)
source: bisnis.com

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