PT Telkom completes share placement

The deal''s success underlines greater investor willingness to consider Asia''s smaller stock markets.

The recent listing of Thailand's PTT, followed by the Indonesian government's Rp3.1 trillion $300m share placement of PT Telkom stock last Friday has sent a clear signal that global investors are starting to become less risk averse and look for outperformance stocks among Asia's lesser MSCI-weighted markets. Just under 50% of investors in the 1.2 billion share deal were said to be returning to the Indonesian equity market for the first time since the financial...

To continue reading, please login or register for free

Click for more on: pt | telkom | completes | share | placement

Print Edition

FinanceAsia Print Edition

CONFERENCES