Miracle Streak : Jakarta & PT Telkom's historic maiden contribution to the marathon at 1,558 days!!! {23rd Oct '26}
Land & General goes solo again as the record flagbearer, just one sale away from equaling Naim's all-time high 25 rounds in 2024!
Yesterday's maiden foray into the crashing Jakarta equity market could not have been better timed as to the limit-down acquisition of Telkom at Rp 1,770...but a short-term profit possibility is disabled by the bank's steep forex spread for the country's currency. The record dividend earning streak from 15th June to 10th July was equaled yesterday at 20 consecutive working days [ 22nd September till 19 October].
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Bought PT Telekommunikasi Indonesia [ Telkom] & PT Semen Indonesia as my opening salvos for maiden moves into the tumbling market down south! The former has tumbled back to Dec 2012 levels, when EBITDA was 20% lower but operating margin was higher at 33.10% vs 28.54% now. EPS has since grown 40% from Rp 128.7 to Rp179.8. I have to be psychologically prepared for a, albeit slim, possibility that it could fall to the Rp1,300-1,330 lows in early 2012 for the former & a support band of Rp755-1,040 for the latter if the current foreign fund exodus gets worse !