MIDF Research retains ‘neutral’ call on TM


MIDF Research said it remains concerned over TM's ability to grow its revenue, especially its main revenue contributor Unifi.

KUALA LUMPUR: MIDF Research maintained its “neutral” call on Telekom Malaysia Bhd(TM) 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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