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PETALING JAYA: With telco players trying to stay ahead of the competition by coming out with new ways to give out more data to users, and at the same price, data monetisation is expected to remain weak.
CGS-CIMB Equities Research is maintaining a “reduce” call on Telekom Malaysia (TM) with a target price of RM3.70 as it waits for the third quarter ended Sept 30 (3Q19) results in the midst of intense competition.
KUALA LUMPUR: PublicInvest research has cut its trading buy recommendation on Telekom Malaysia Bhd to neutral.
KUALA LUMPUR: AmInvestment Bank Research is retaining its neutral call for the Malaysian telcos due to the continued intense competition in both the mobile and fixed broadband market.
KUALA LUMPUR: CIMB Equities Research is retaining its Hold call for Telekom Malaysia and with a lower target price of RM6.10 compared with RM6.40 earlier.
THE idea of a second broadband network is not new – it has been bandied around for nearly two decades.
KUALA LUMPUR: CIMB Equities Research has lowered the target price for Telekom Malaysia from RM6.80 to RM6.40 – but still 6.7% above the last traded price of RM6 – after the announcement of its third quarter results ended Sept 30, 2017.