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KUALA LUMPUR: Public Investment Bank Research is maintaining its Underperform recommendation for Telekom Malaysia with an unchanged target price of RM6.26 based on discounted cashflow valuation.
KUALA LUMPUR: Telekom Malaysia Bhd has won a contract from the Malaysian Communications and Multimedia Commission to develop and construct a new submarine cable system called Sistem Kabel Rakyat 1Malaysia (SKR1M).
KUALA LUMPUR: Axiata Group’s core net profit in the third quarter ended Sept 30, 2014 (Q3FY14) fell 15.2% on-quarter (down 35.4% on-year) which was below CIMB Equities Research and consensus estimates.
KUALA LUMPUR: AmResearch is keeping its Hold call on Telekom Malaysia at a higher fair value of RM6.20 a share from RM6 previously after the release of its 2Q14 results.
I WAS in Manila last week to give the keynote address at a conference to get small and medium enterprises (SMEs) prepared for the coming Asean Economic Community (AEC). I stayed back for the programme afterwards and attended the breakout sessions.
KUALA LUMPUR: Axiata Group Bhd's earning rose 9.8% to RM674.87mil in the first quarter ended March 31, 2014 from RM614.56mil a year ago, underpinned by its overseas operations.
PETALING JAYA: Major telecom operator Maxis Bhd saw its share price drop by 24 sen after analysts raised concerns that it would be hard pressed to maintain its attractive dividend payouts.
REDtone Telecommunica-tions Sdn Bhd has expanded its presence in Sabah following the signing of am MoU to provide Internet connectivity to the International Technology and Commercial Centre (ITCC) in Penampang.
PETALING JAYA: Telekom Malaysia Bhd’s (TM) acquisition of a 57% controlling stake in Packet One Networks (M) Sdn Bhd (P1) is a good idea but “pricey and requires hefty future investment”, said CIMB Research.
PETALING JAYA: Two small-cap, ACE Market stocks have emerged as favourites to ride on the RM1.5bil roll-out of 1,000 telecom transmission towers in rural and under-served areas throughout the country.