Kenanga IB Research retains neutral on telcos, TM top pick


Telekom HQ

KUALA LUMPUR: Kenanga Investment Bank Research is retaining its neutral outlook on the telecommunications sector as it expects the Big 3 to continue regaining postpaid market share, albeit to the detriment of their average revenue per unit (ARPUs).

In its research note on Friday, it said moving forward, telcos will look to drive growth through the enterprise and fibre-to-the home (FTTH) segments.

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