TM’s fortunes changing as share price shoots up

The company expects 70% of its Streamyx customers to enjoy Unifi fibre broadband services by end-2020.

PETALING JAYA: Telekom Malaysia Bhd’s (TM) fortunes seem to be changing, with its shares having doubled since they tanked in the middle of last year.

In yesterday’s trading, the shares closed at RM4.15, up 10 sen, but off its day’s high of RM4.26 a share. The rally in the past few days has pushed its market capitalisation to RM15.6bil.