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...

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