Wednesday, October 24, 2018 09:14 WIB

Premier Insight : ISAT, plans to recruit new Chief Marketing Officer in Jan 2019

ISAT: Indosat (ISAT IJ; Rp2,660; Hold) plans to recruit new Chief Marketing Officer in Jan 2019. This is according to ISAT’s CEO. ISAT’s new CEO, Mr. Chris Kanter, said that when he was asked to become CEO by Ooredoo Group’s Chairman, Chris Kanter asked for 3 requirements: Commitment to investment, supporting business transformation, and providing new team to realize (those strategies). (IndoTelko).

Comment: There might be slight positive sentiment to ISAT considering on-going business transformation process. We are monitoring upcoming 3Q18F result highlight (possibly next week) to assess recovery after completion of registration of prepaid card and more details regarding new CEO’s transformation strategy to asses its impact to ISAT. We have a Hold for ISAT with TP Rp3,500.