MIDF maintains Neutral on TM, TP at RM3.54


TM Global's revenue increased by 18.2% to RM602.5mil from RM509.6mil a year ago mainly contributed by data services.

KUALA LUMPUR: MIDF research maintained its neutral call on Telekom Malaysia Bhd with an unchanged target price of RM3.54 as its 1HFY19 results came in within its expectations.

In a note, the research house said it remains concerned over the group's ability to grow its revenue, especially its main revenue contributor Unifi.

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