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    Choong Chen Foong

    Research Analyst at CGS-CIMB

    Foong Choong Chen is an Equity Analyst at CGS-CIMB, specializing in Malaysian telecommunications and regional banks, with a notable focus on key companies including Celcom, Maxis, Digi.com, and Telekom Malaysia. He is recognized for detailed sector analysis, with performance highlighted in industry coverage and quarterly market share commentary; however, public platforms do not report quantitative metrics like success rates or investment returns. Foong began his career as an analyst at BNP Paribas Capital (Malaysia) Sdn. Bhd. before joining CIMB Investment Bank (now CGS-CIMB), and he holds the Chartered Financial Analyst (CFA) designation. Widely referenced in Malaysian financial reporting, his coverage and recommendations are valued for insight and sector expertise.

    Choong Chen Foong's questions to PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK (TLK) leadership

    Choong Chen Foong's questions to PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK (TLK) leadership • Q2 2022

    Question

    Choong Chen Foong of CGS-CIMB asked about the moderation in O&M costs, the reason for a quarterly increase in staff costs, and potential inflationary pressures. He also followed up on data center expansion plans, including a new facility in Batam with Singtel, and the progress of the Fixed-Mobile Convergence (FMC) strategy.

    Answer

    President Director and CEO Ririek Adriansyah linked O&M growth to content service costs and higher staff costs to the establishment of a new IndiHome company. Finance and Risk Management Director Heri Supriadi discussed data center plans, including two more hyperscale facilities in Cikarang and a new greenfield project in Batam with Singtel, which Wholesale & International Service Director Bogi Witjaksono detailed. Strategic Portfolio Director Budi Setyawan Wijaya confirmed the FMC strategy is progressing, with discussions underway for injecting IndiHome into Telkomsel.

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