SHARES of fixed-line telecommunication company, TIME Dotcom Bhd
, hit an all-time high of RM9.90 on Aug 30.
The stock, which has a market cap of RM5.7bil, is up by close to 30% since the start of the year. Ironically, this euphoria comes at a time when some analysts are less bullish on the stock, seeing no new catalysts in sight, for the short term at least. Maybank IB Research, whose report was issued two days before Time’s price peaked, says the stock is trading close to peak valuation and at a premium to peers.
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