Telekom Malaysia Bhd By CIMB Research Outperform (maintain) Target price: RM6.34
AS expected, Telekom Malaysia Bhd (TM) announced a 9.8 sen single-tier dividend per share. We maintain our forecast and discounted cash flow-based target price of RM6.34. TM remains our preferred Malaysian telco for its robust growth, with an earnings surprise as a likely catalyst.
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