Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Rp1,595, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 21x in the Telecom industry in Indonesia. Total returns to shareholders of 14% over the past year. 공시 • May 13
PT Remala Abadi Tbk, Annual General Meeting, Jun 22, 2026 PT Remala Abadi Tbk, Annual General Meeting, Jun 22, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: Rp19.09 (vs Rp9.96 in 1Q 2025) First quarter 2026 results: EPS: Rp19.09 (up from Rp9.96 in 1Q 2025). Revenue: Rp118.3b (up 37% from 1Q 2025). Net income: Rp26.3b (up 92% from 1Q 2025). Profit margin: 22% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp2,390, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 22x in the Telecom industry in Indonesia. Total returns to shareholders of 138% over the past year. Recent Insider Transactions • Apr 07
Insider recently bought Rp2.0b worth of stock On the 2nd of April, Verah Wahyudi Wong bought around 936k shares on-market at roughly Rp2,180 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp5.2b more in shares than they have sold in the last 12 months. New Risk • Apr 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10.0% operating cash flow to total debt). High level of non-cash earnings (57% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp3,010, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 20x in the Telecom industry in Indonesia. Total returns to shareholders of 187% over the past year. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp4,210, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 22x in the Telecom industry in Indonesia. Total returns to shareholders of 261% over the past year. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp5,125, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 25x in the Telecom industry in Indonesia. Total returns to shareholders of 574% over the past year. Recent Insider Transactions • Nov 27
Insider recently bought Rp424m worth of stock On the 25th of November, Verah Wahyudi Wong bought around 100k shares on-market at roughly Rp4,245 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Rp2.3b more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp4,200, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 22x in the Telecom industry in Indonesia. Total returns to shareholders of 546% over the past year. New Risk • Nov 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (20% average weekly change). High level of non-cash earnings (70% accrual ratio). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp4,700, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 21x in the Telecom industry in Indonesia. Total returns to shareholders of 677% over the past year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp5,125, the stock trades at a trailing P/E ratio of 65.5x. Average trailing P/E is 23x in the Telecom industry in Indonesia. Total returns to shareholders of 677% over the past year. 공시 • May 15
PT Remala Abadi Tbk, Annual General Meeting, Jun 16, 2025 PT Remala Abadi Tbk, Annual General Meeting, Jun 16, 2025. Recent Insider Transactions • Nov 08
Insider recently sold Rp1.0b worth of stock On the 6th of November, Verah Wahyudi Wong sold around 2m shares on-market at roughly Rp596 per share. This trade did not impact their existing holding. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Rp16b more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp590, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 22x in the Telecom industry in Indonesia. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp474, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 18x in the Telecom industry in Indonesia. Reported Earnings • Aug 06
First half 2024 earnings released First half 2024 results: EPS: Rp21.71. Net income: Rp29.2b (up Rp29.2b from 1H 2023). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to Rp440, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 24x in the Telecom industry in Indonesia. Recent Insider Transactions • Jun 23
President Commissioner recently bought Rp17b worth of stock On the 21st of June, Verah Wahyudi Wong bought around 55m shares on-market at roughly Rp308 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp17b more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 28
President Commissioner recently bought Rp81m worth of stock On the 27th of May, Verah Wahyudi Wong bought around 280k shares on-market at roughly Rp291 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 공시 • May 22
PT Remala Abadi Tbk, Annual General Meeting, Jun 26, 2024 PT Remala Abadi Tbk, Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • May 13
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at Rp358. The fair value is estimated to be Rp298, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 127%.