Good to be frank and honest
It is said that transparency is essential for the stock market to flourish. The more investors know about a particular sector or company, whether good or bad, the better the odds of them understanding any difficulties and knowing when value has emerged.
One such sector that needs such disclosure is the telecoms sector. Price cuts have battered the bellwether stock in the segment, Telekom Malaysia Bhd
(TM), after the cuts in broadband prices were announced. The uncertainty, bad results of kitchen sinking and a protracted CEO appointment did not help matters.
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