ANALYSIS OF STOCK PRICE FUNDAMENTAL VALUATION: (A CASE STUDY OF TELECOMMUNICATION SECTOR AT INDONESIA STOCK EXCHANGE)

• Main Author: WARADIPTYA (NIM: 29106326); Pembimbing: Evo S. Hariandja Ir., MM., PRAKANYA
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/13735
• Institution: Institut Teknologi Bandung

Indonesian telecommunication sector business at a time is in a condition of price war which affects the dropping of all telecommunication sector stock prices in Indonesia Stock Exchange. This condition is also appealing to go to the process of maturity level in Indonesia telecommunication business. And it means that Indonesian telecommunication sector will not give new value added to the investor in the future.<p>For getting more understanding of Indonesian telecommunication company, there was valuation in all emitent in telecommunication sector in Indonesia stock Exchange, with the assumption that this time is a developed period of its life, but in the next two or three years the industry will grow back in the introduction phase for one more time, thanks to the telecommunication convergence technology. And that condition will lever the telecommunication stock price in the future.<p>The conclusion is that current telecommunication stock prices are all undervalued. And the most potential stock to buy is TLKM and ISAT which have the highest undervalued gap between existing price and the future price. Recommendation came by for all telecommunication company to lever their future value is to balance the CAPEX portion not only dealing with network coverage expansion but also invest much in information technology.