‘Buy’ call for TM maintained

Tougher half?: Maybank IB sees a more challenging second half for TM, with the prospect of increasing competition.

KUALA LUMPUR: Research houses have generally maintained a “buy” recommendation for Telekom Malaysia Bhd (TM) due to its first-half results that came in within and above their expectations.

Alliance Research said as the first half was above its forecast, it expected second half results to be stronger on the back of still strong Unifi take-up rate and a boost from its recent Super-Speed promotion campaign.