PETALING JAYA: Telekom Malaysia Bhd
(TM) may see slightly softer revenue year-on-year (y-o-y) in its second quarter (2Q25) results due to still-intense fibre broadband competition and a weak performance from business-solutions arm TM One, says CIMB Research.
Nevertheless, the research house said the state-owned fixed-line operator’s core net profit for 2Q25 is expected to rise by between 4% and 9% y-o-y and up between 6% and 11% quarter-on-quarter (q-o-q) to about RM410mil to RM430mil on cost containment, net interest cost savings, and more normal effective tax rates, despite softer revenue.
