Two weeks ago, i Capital analysed Telekom Malaysia Bhd
(TM) by focusing on its fixed line business. This week, i Capital will focus on TM International Sdn Bhd (TMI).
CELCOM (M) Bhd is the core profit generator for the de-merged TMI. Taking into consideration the current mobile penetration rate of 79% and Celcom’s growth potential, the telco’s earnings power equates to an average of RM900mil over the next few years.
