Major Investors Including BlackRock and HSBC Reduce Telkom Stock Holdings in Early March 2026

Several major investors, including BlackRock, HSBC Holdings, and others, have been observed reducing their holdings in PT Telkom Indonesia (Persero) Tbk. (TLKM) in March 2026. The stock, which currently trades at Rp2,960 per share, has weakened by 14.70% year-to-date.

Meanwhile, analysts have maintained bullish positions for the TLKM stock. According to Bloomberg on Tuesday, 10 March 2026, the majority of analysts covering the stock, some 29 of 42 analysts, have issued buy recommendations. The remaining 13 analysts have advised a hold rating on TLKM shares.