JAKARTA - CEO of the Investment Management Agency (BPI) Danantara, Rosan Roeslani, showed the performance of PT Telkom Indonesia (Persero) Tbk as an initial proof of the changes taking place in the red plate company.
Rosan said that after the last five years, Telkom's valuation tended to weaken, the market recorded a major leap in the last six months. Even the company's valuation from prolonged pressure to a range of Rp. 112 trillion to Rp. 115 trillion.
For Rosan, the surge in Telkom's valuation is not just market data, but a signal that the state-owned enterprise transformation strategy depends on strong human resources, digitization, and clean governance that begins to generate public and investor confidence.
"If we look at Telkom, its value has decreased in the last five years. But in the last six months, the response has been very positive, with a stock increase of up to 81 percent, its value is now in the range of Rp. 112 to Rp. 115 trillion," Rosan told reporters in Jakarta, written on Thursday, January 15.
Rosan said that transformation in the BUMN environment was carried out comprehensively and systematically. Human resource (HR) improvement is said to be the main foundation so that business strategies and corporate planning run mutually supportive.
"Reform must be comprehensive, especially the human resources, and also how when they make plans, the complementarity can run," said Rosan.
Not only Telkom, said Rosan, changes also occurred in other strategic companies such as Garuda Indonesia and Krakatau Steel. Both companies showed improvement in performance and began to regain market confidence.
In the midst of digitalization and performance, Rosan reminded that clean governance remains a pillar. He emphasized the commitment to the implementation of integrity across all state-owned enterprises.
"We apply zero tolerance to negative things such as corruption. But on the other hand, we also appreciate those who work well and build a positive work environment," said Rosan.
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