KUALA LUMPUR: CGS-CIMB Equities Research keeps its Neutral rating on the Malaysian telco sector, given weak mobile and fixed revenue growth prospects.
It said on Wednesday the Malaysian telco sector’s FY20F enterprise value/operating free cashflow (EV/OpFCF) of 15.9 times is at a 14% premium over the Asean telco average, with decent FY18-21F estimated core EPS CAGR of 9%.
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