JPM new price targets for Indonesian telcos

EXCL = Rp8000. Potential upside (TP 8000 / Last 5850) = 36.8%
ISAT = Rp6600. Potential upside (TP 6600 / Last 5700) = 15.8%
TLKM = Rp9800. Potential upside (TP 9800 / Last 8400) = 16.7%