TM ready for a re-rating?

Dominant player: TM headquarters in Kuala Lumpur. TM has for a long time relied on its dominant position to thrive in the market place when the entire dynamics of the game is fast changing. — Bernama

A WHOLE gamut of things – ranging from abrupt leadership changes twice in six months to other operational issues – have affected Telekom Malaysia Bhd (TM) for its share price to fall to a low of RM2.15 last month. Although there have been signs of some stability returning to its share price in recent days, the question is whether the pick-up would be sustainable.

As TM appointed Imri Mokhtar as its acting CEO effective Nov 16 following the departure of Datuk Bazlan Osman, the buzz around town is that two other candidates are being considered for the group CEO post. The names of Rossana Rashidi and Nasution Mohamed, both formerly of Maxis Bhd, have been bandied about but could not be verified, although Imri is also a potential candidate.