US lawmaker Gottheimer sold Telkom shares on MSCI consultation date
A transaction disclosure put the sale at US$1,001 to US$15,000, according to MarketBeat.
Josh Gottheimer, a Democratic US congressman representing New Jersey, sold New York-listed shares in PT Telkom Indonesia Tbk. on 15 October 2026, according to MarketBeat. The transaction, valued at US$1,001 to US$15,000, was disclosed in a filing on 5 November 2026.
The sale coincided with MSCI's announcement of a consultation on a proposal to move Indonesia from Emerging Market to Standalone Market status. Indonesia's stock market fell 11.57 per cent on 16 October 2026, following the announcement.
MarketBeat reported that Gottheimer made the sale through his Morgan Stanley account. His other disclosed trades included purchases of Applied Materials on 26 October 2026 and Benchmark Electronics on 12 October 2026, each worth US$1,001 to US$15,000.
Telkom's latest quarterly results, announced on 30 October 2026, showed earnings per share of US$0.22, below the analyst consensus of US$0.33. Revenue reached US$2.11 billion, compared with analysts' expectations of US$2.10 billion.
The company's NYSE-listed shares traded between US$10.15 and US$23.51 over the preceding 12 months. Its market capitalisation stood at US$11.02 billion, with a price-to-earnings ratio of 11.30.
