KUALA LUMPUR: Shares in Telekom Malaysia Bhd (TM) rose in early trade Tuesday on expectations of a special dividend for the fourth quarter ended Dec 31, 2020 (4Q20).
The telecommunication giant added 4.46%, or 29 sen to RM6.79, its highest since August, 2016. In a recent report, CGS-CIMB Research foresees TM announcing a special dividend for 4Q20 due to its robust free cash flow (FCF).
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