Highlights
KLSE: TIMECOM (5031)       TIME DOTCOM BHD MAIN : Telco&Media
Last Price Today's Change   Day's Range   Trading Volume
11.00   +0.02 (0.18%)  10.92 - 11.04  958,100
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Overview

Market Cap: 6,630 Million
NOSH: 603 Million
Avg Volume (4 weeks):1,107,535
4 Weeks Range:10.78 - 11.20
4 Weeks Price Volatility (%):
52.38%
52 Weeks Range:8.30 - 11.98
52 Weeks Price Volatility (%):
73.37%
Average Price Target: 10.16
Price Target Upside/Downside: -0.84

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  28-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  27-Aug-2020
T4Q P/E | EY: 19.01  |  5.26%
T4Q DY | Payout %: 2.56%  |  48.72%
T4Q NAPS | P/NAPS: 4.4978  |  2.45
T4Q NP Margin | ROE: 30.46%  |  12.87%

Headlines

Date Subject
23-Jun-2020 热门股:时光网络 上挑RM11.24
11-Jun-2020 时光网络 阻力RM11.40
30-May-2020 下跌股:时光网络RM10.16支撑
29-May-2020 Mplus Market Pulse - 29 May 2020
24-Apr-2020 Digi.com Bhd - 1QFY20 Within Expectations
20-Apr-2020 Economics & Strategy - On to Round 3
16-Apr-2020 Telekom Malaysia Bhd - Keeping A Steady Tone
16-Apr-2020 上升股:时光网络阻力RM10.29
31-Mar-2020 PublicInvest Research Headlines - 31 Mar 2020
18-Mar-2020 [转贴] [Facebook live video:浅谈Time Dotcom bhd (TimeCom)] - James的股票投资James Share Investing
12-Mar-2020 Trading Stocks (Mid-Day) - Time dotCom
09-Mar-2020 TIME dotCom - Time Is Golden
04-Mar-2020 Trading Stocks - TIME dotCom
04-Mar-2020 上升股:时光网络阻力RM10.14
03-Feb-2020 M+ Online Technical Focus - 3 Feb 2019
02-Jan-2020 Telecommunications - No fibre no 5G
21-Dec-2019 下跌股:时光网络RM8.93支撑
12-Dec-2019 COMPARISON OF MAJOR TELECOMMUNICATIONS COUNTERS IN MALAYSIA
11-Dec-2019 COMMENTS ON TIME DOTCOM BERHAD (5031) - louisesinvesting
06-Dec-2019 时光网伙脸书·投资大马互联网基设

Business Background

Time Dotcom Bhd is a telecommunications company that offers fixed-line and enterprise services, including data (broadband and wireless), voice, and data center services, where the majority of revenue comes from. The company divides its customer base into three segments: wholesale, retail, and enterprise. Retail and enterprise deal with households and companies, respectively. The wholesale segment provides backhaul services to Asia-Pacific and Malaysian telecommunication companies. This is enabled through the company's ownership of telecommunications infrastructure, specifically a fiber-optic cable network.
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  6 people like this.
 
RainT wah wah wah

here comes the ego CHOIVO

want show off his auditor work experiences
24/05/2019 5:19 PM
KKKS Waiting for TNB to launch broadband.... Lets see their growth then...
24/05/2019 6:10 PM
ezx7 Sudden drop
28/05/2019 10:08 PM
Choivo Capital Btw, to an extent Phillip is right, though for the wrong reasons (he thought the allowances were going to expire). Haha

I expect next Q to be lower due to taxes. Due to unrecognized capital allowance being finished this quarter. Next quarter onward, tax should go back up to ~ 23%.
01/08/2019 12:02 PM
prince4 US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold .
TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom..
15/08/2019 9:48 AM
Outliar Highest Revenue, NP, 5G not coming anytime soon, sounds like a Philip investment to me
27/08/2019 10:19 PM
Choivo Capital Im surpised taxes didnt go up this q. Im fairly certain their unrecognized allowances are finished. Hmm oh well. Growth was higher than expected. Interesting.
28/08/2019 9:38 AM
Sslee Dear Choivo Capital,
Your wonderful Timecom is doing well compare to Philip’s Pchem.
May I ask how will below National connectivity plan affect Timecome?
https://www.malaymail.com/news/malaysia/2019/08/28/gobind-rm21.6b-national-connectivity-plan-to-provide-equal-internet-access/1785009
Gobind: RM21.6b national connectivity plan to provide equal internet access to urban, rural areas

Thank you
30/08/2019 8:47 AM
Choivo Capital Dear SSlee,

No idea. Too little details.
30/08/2019 11:31 AM
Hafid the new goverment do not know or differentitate what shall be belong to goverment and what shall be own by the private sector. If not than the wider coverage, lower price will not reach the targeted.
11/09/2019 7:39 AM
Hafid in term of the telecommunications sector.
11/09/2019 7:40 AM
Hafid Where to find the detail for the National Fiberisation and Connectivity Plan (NFCP) ? who own the infrastructure? what is the private sector role int he NFCP? My 1st question is where is the fund that collected from the telecommunication companies?
11/09/2019 7:42 AM
Up_down No sign of tiring growth. Good quality growth stock for big cap.
20/09/2019 10:18 AM
fosther Budget 2020: IDEAS proposes gradual GLC stake divestment by government
KUALA LUMPUR (Sept 19): The Institute for Democracy and Economic Affairs (IDEAS) has today proposed a review of Malaysian government-linked companies (GLCs) to form the basis of a divestment strategy, under which the government targets a gradual disposal of its shareholdings in GLCs to 10% of these companies' total market capitalisation by 2030.
IDEAS research director Laurence Todd said this today in light of the government’s high shareholding in publicly-listed companies, at over 40% of total market capitalisation with majority stakes in over 70 entities.
“This high government presence creates concerns over competition and the lack of liquidity in Malaysia’s capital markets. We believe that the time has come to transition from this model,” Todd said today at IDEAS' public forum ahead of Malaysia's Budget 2020 announcement on Oct 11 this year.
Today, IDEAS' Budget 2020 proposals include a new living wage tax credit, under which employers are incentivised, but not required, to increase wages up to a new monthly living wage of RM2,500 per employee.
To ensure that employees can share in the wealth of the country, IDEAS said the government could use the establishment of an employee equity scheme (EES).
Under this scheme, employers will be incentivised to allocate shares to employees, who will be encouraged to hold on to these assets rather than sell them for easy cash.
“We propose both these policies to be introduced in the forthcoming budget and recommend they be paid for through rationalisation of existing investment incentives,” said Todd.
On a broader scale, IDEAS, in recognising the government's effort to reduce its budget deficit, said the government in the longer term, should introduce a capital gains tax at an initial rate of 5% with a tax-free allowance of RM50,000.
“The government should launch a consultation on the introduction of this new tax in Budget 2020,” he said.
20/09/2019 2:15 PM
DreamKentut The 802.11ax amendment will bring several key improvements over 802.11ac. 802.11ax addresses frequency bands between 1 GHz and 5 GHz.[7] Therefore, unlike 802.11ac, 802.11ax will also operate in the unlicensed 2.4 GHz band.
22/09/2019 3:13 PM
James Ng https://klse.i3investor.com/blogs/general/230701.jsp
[转贴] [Facebook live video:浅谈Time Dotcom bhd (TimeCom)] - James的股票投资James Share Investing
17/10/2019 7:09 PM
zakaria444 TIME dotCom Bhd’s net profit jumped 42% to RM92.5 million for the second financial quarter ended June 30, 2019, from RM64.94 million in the previous year’s corresponding quarter.

The group’s quarterly revenue grew 16% to RM277.82 million from RM239.85 million a year earlier, which was attributed to higher sales across all core product segments.

“All core customer groups also contributed to overall revenue growth, led by wholesale and retail customers,” said TIME in a statement.
31/10/2019 12:04 PM
Choivo Capital OK, im now a little confused. I figured their unrecognized allowances should be fully recognized, by now and tax expense should start to increase. However, i'm not seeing this. Interesting.
29/11/2019 2:22 PM
Choivo Capital Im guessing that the unrecognized tax losses can be used.

in which case, TIME will not need to pay tax for another year.
29/11/2019 2:27 PM
Kristal We believe fixed-line operatorsWe believe fixed-line operators such as TIME will likely get a BIGGERallocation from the RM21.6 billion National Fiberisation and Connectivity Plan, given its extensive nationwide fibre network. Consistent with the national initiatives, TIME is focusing on strengthening its existing domestic fibre network infrastructure and expanding its network coverage throughout Malaysia.

TIME will continue to work with its partners in Thailand, Vietnam and Cambodia to create a seamless regional telecoms network that will connect Indo-China to Malaysia and Singapore. It also intends to expand its data centre market presence regionally, and grow its customer base to include interconnected players from various industries.

We continue to like TIME for its strong growth profile, contributed by both its wholesale (domestic and international) and retail segments. Despite the recent reduction in pricing, the company is still executing well in the domestic fixed broadband market, and we believe it is poised to gain a meaningful market share in the medium to long term. We maintain a “buy” recommendation with an unchanged discounted cash flow-based TP of RM10.70. TIME is trading at an attractive valuation of 15.7 times FY20 price-earnings ratio (-1SD [standard deviation] below the mean) and has a strong balance sheet to support its network expansion. — AllianceDBS Research, Dec 2 such as TIME will likely get a bigger allocation from the RM21.6 billion National Fiberisation and Connectivity Plan, given its extensive nationwide fibre network. Consistent with the national initiatives, TIME is focusing on strengthening its existing domestic fibre network infrastructure and expanding its network coverage throughout Malaysia.

TIME will continue to work with its partners in Thailand, Vietnam and Cambodia to create a seamless regional telecoms network that will connect Indo-China to Malaysia and Singapore. It also intends to expand its data centre market presence regionally, and grow its customer base to include interconnected players from various industries.

We continue to like TIME for its strong growth profile, contributed by both its wholesale (domestic and international) and retail segments. Despite the recent reduction in pricing, the company is still executing well in the domestic fixed broadband market, and we believe it is poised to gain a meaningful market share in the medium to long term. We maintain a “buy” recommendation with an unchanged discounted cash flow-based TP of RM10.70. TIME is trading at an attractive valuation of 15.7 times FY20 price-earnings ratio (-1SD [standard deviation] below the mean) and has a strong balance sheet to support its network expansion. — AllianceDBS Research, Dec 2
03/12/2019 12:38 PM
Kristal KUALA LUMPUR (Dec 5): TIME dotCom Bhd is collaborating with Facebook to invest in internet infrastructure in Malaysia, which will further open up the nation to more connections and international hubs.

In a statement today, Time dotCom said the network infrastructure project is expected to be completed by the end of the second quarter of next year, which will be exclusively for Facebook and its family of applications.

However, it did not elaborate on the kind of infrastructure that the parties intend to build.

“Facebook’s mission is to give people the power to build communities and bring the world closer together. This partnership will allow us to build a faster and more efficient network to better support our family of apps and services,” said Nico Roehrich, Facebook network investment manager, APAC.

Time dotCom head of OTT, Chiew Kok Hin, said the company is looking forward to the partnership, as it will pave the way for Malaysia to establish itself as a regional technology hub.

“More international connectivity and a robust domestic backbone will attract sizeable investments into Malaysia. It only makes sense for us to capitalise on the strategic location of Malaysia in Southeast Asia, ease of access and relatively lower cost of entry,” Chiew said.

Time dotCom said the government has been constantly reviewing policies, laws and regulations to adapt to the fast-changing global market landscape, noting steps taken by the Transport Ministry to simplify regulatory approval for local and foreign vessels carrying out undersea cable repairs within Malaysian waters.

It also said significant steps have been taken to boost Malaysia’s competitiveness to make the country attractive to global technology giants like Facebook, Google, Amazon, Microsoft, Apple, Alibaba and Tencent, which are not only investors of submarine cables but also builders of hyperscale data centres.

At 3.09pm, Time dotCom fell 3 sen or 0.33% to RM9.17, giving it a market capitalisation of RM5.37 billion.
05/12/2019 4:21 PM
LouiseS TIMECOM's earning performance has been increasing in last five years, whereby its earning per share overall increased from 30.34 sen to 49.13 sen. Return on equity is around 12%. Share price remained steady at around RM8 to RM9 in last three years. Dividend yield is around 2.23%.

https://louisesinvesting.blogspot.com/2019/12/comments-on-time-dotcom-berhad-5031.html
11/12/2019 12:49 PM
LouiseS Based on comparison of 6 major telecommunications services providers in Malaysia, it is found that TIMECOM is not ranked as one of the TOP 3 telecommunications counters worthy to invest in. However, TIMECOM stands out in performance indicators such as having the highest share price (RM9.16), which has been steady in the last few years, as well as having the highest earning per share. It also has relatively low P/E ratio (16.92) compared to other counters.

https://louisesinvesting.blogspot.com/2019/12/comparison-of-major-telecommunications.html
12/12/2019 1:23 PM
Choivo Capital Ah, KIRZ impairments of about RM22.1m knocked down the profits this Q.

One thing i find interesting, is that their (failed?) venture into thailand cost only RM22.1+RM11.7 (Investment of THB87.4m), for a grand total RM33.8m.

Not bad, costs alot less than what i would have expected.
28/02/2020 7:33 PM
James Ng https://klse.i3investor.com/blogs/general/2020-03-18-story-h1484922403.jsp
[转贴] [Facebook live video:浅谈Time Dotcom bhd (TimeCom)] - James的股票投资James Share Investing
18/03/2020 9:45 PM
Choivo Capital I sold my TIMECOM to pour more into US Markets.

Thank you so much TIMECOM.

The first company i actually properly understood in malaysia, and purchased at a good price.

What a company. I wish i will have the chance to buy you again.

If / When that time comes, i think i would be in a much better place financially. Hopefully.

To an extent, i think this is the only company in BURSA i can say i truly understood.

Thank you.
19/03/2020 1:14 PM
Khoo810 Hi Jon...may i knw wat stock u still holding and averaging down now? Thx
22/03/2020 12:19 AM
onlyhuat NFCP project
22/03/2020 5:32 PM
updownleftright This stock quite stable amid the crisis. Many long term investors
24/03/2020 9:46 AM
foreverchung Looks like EPF need emergency funds
06/04/2020 4:00 PM
mike168 Post removed. Why?
04/05/2020 12:21 PM
Kristal TIME dotCom (TDC MK) $TIMECOM / 5031 (TIME DOTCOM BERHAD)
Research by UOB Kay Hian
BUY (maintained) ; Target Price: RM11.10

"A Gem In A Haystack"

We like the stock for its good growth prospects, quality earnings and strong
management. We project a 3-year earnings CAGR of 11% (vs pedestrian telco sector
earnings), driven by Internet and data centre growth.

Chong Lee Len
603 2147 1992
leelen@uobkayhian.com

Chloe Tan Jie Ying
603…
14/05/2020 9:46 PM
mf Bursa trading volume at fresh high above 11b units
MARKETS
Monday, 18 May 20205:19 PM MYT
By Joseph Chin
18/05/2020 6:05 PM
RainT share price already near new high again

how high more TIMECOM can go ?
20/05/2020 11:30 AM
RainT TIMECOM

current share price : RM10.98
current EPS : RM0.521
current PE : 21 times


normalise PE : 15 times
future EPS to be : RM0.732
growth frm current EPS to future EPS : 40%

Means that TIMECOM future EPS shall growth around 40% in future then only you buy at current price of RM10.98 is worth it
20/05/2020 11:40 AM
RainT but can TIMECOM grow its EPS at 40%?

frm past record , its EPS has been growing on average 12% per year

so need at least 3 years plus then only can justify you buying at RM10.98 today
20/05/2020 11:42 AM
chonloo13 Up everyday.
21/05/2020 6:09 PM
Kristal PRESS RELEASE
For Immediate Release
Resilient Growth Recorded in Q1 2020
• Consolidated Group revenue grew 12% year-on-year
• Revenue growth recorded across all core product groups and core customer groups
Shah Alam, 28 May 2020 – TIME dotCom Berhad (“TIME” or “the Group”) recorded consolidated
Group revenue of RM293.9 million for the quarter ended 31 March 2020. The 12.0% increase
relative to the same period in the preceding year was driven by higher overall revenue growth seen
across all core product and customer groups.
A current quarter consolidated profit before tax of RM125.6 million was recorded. This was driven
by higher overall revenue growth, a large net gain on foreign exchange, lower interest expense
and a higher share of profit from associates.
“The remainder of 2020 will be a challenging one, not just for our industry, but for the global
economy at large. Thankfully, we enter this period with a robust operational framework and a solid
balance sheet. This should help us weather through the rest of the year as we adapt to the
challenges posed by COVID-19,” said Afzal Abdul Rahim, TIME’s Commander-in-Chief.
Outlook
The first quarter of 2020 saw the enforcement of the Movement Control Order (“MCO”) in Malaysia
as a measure to combat the spread of COVID-19. The MCO has been in place since 18 March
2020, and its impact on consumers and businesses across the country has been profound. As an
“Essential Service”, the Group has continued to operate throughout this period. At this stage, it is
too early to determine the full impact that COVID-19 and the MCO will have on the Group.
The Group’s immediate and ongoing priorities are to safeguard the health of all its employees and
to ensure 100% network availability and stability through these challenging times. In the medium￾term, the Group will continue to focus on supporting the Malaysian government achieve its national
telecommunications objectives by strengthening and expanding its existing domestic fibre network
infrastructure.
On the regional front, the Group will continue working with its partners in Thailand, Vietnam and
Cambodia to tap on increasing demand for cross border connectivity across the ASEAN region.
The Group will also assess opportunities to further establish itself as a key regional data centre
player and operator with the intention to unlock the long-term potential of its data centre business.
END@
28/05/2020 1:13 PM
BullRUN2021 Timecom has a data centre business segment when unlock value will be another new high, same goes to TM. Data/cloud is just starting to be adopted by Malaysia, post covid will speed up this adoption.
28/05/2020 2:22 PM
Picanto "Encik Afzal Abdul Rahim, the Chief Executive Officer and Non-Independent Executive Director of the Company, fully exercised all
17,215,907 share options granted to him. The exercise of his share options were completed in two tranches, the first on 8 April 2020 for
11,000,000 new ordinary shares and then the balance of 6,215,907 new ordinary shares on 16 April 2020. Both tranches were completed
at the adjusted exercise price of RM5.575 per share"

At current price of RM11.35 per share, the CEO easily pocketed RM100mil from the share options.
28/05/2020 2:25 PM
BullRUN2021 Besides its a duopoly for fixed internet in Malaysia, TM or Timecom. This kind of business when managed properly is always profitable. Time so far has shown that they can grow their business while maintaining their margin, likely due to their brand/target area is usually high rise. Therefore high adoption and high revenue per cost incurred.
28/05/2020 2:26 PM
foreverchung @RainT, yes might be worthy hahaha!
28/05/2020 3:31 PM
RainT quarter result so good oh

congrats
28/05/2020 4:42 PM
limitupupup missed the rocket d, congratz all investors
28/05/2020 7:25 PM
mf India reported nearly 8,000 new COVID-19 infections on Saturday.
30/05/2020 11:15 PM
Monica mf, so?
11/06/2020 2:39 PM
doublesunday 3 years ago I sold Time due to concern on the high PE and high capex. Bought into time now as pass 3 year result was proven capex bring back money. Look at EBITDA, it reaching 500M.
19/06/2020 2:18 AM
RainT TIMECOM keep in fridge for long term
20/06/2020 4:16 PM
RainT quarter depreciation is 12% of sales value, quite big

this is heavy capex company
20/06/2020 4:18 PM
Michael Kwok Now recommend sanitizer company name Nylex.Medium term less thn 6 month.Even new normal need to use Sanitizer,facemask,glove(glove order book 1 and a half years).Please read below then invest big.Prefer rm 15k per person or more.

Posted by Michael Kwok > Jun 23, 2020 8:05 PM | Report Abuse X

On July 19 I call buy big rm 15k per person at 65 cents.More sectors open up to over 90 over percent.Sanitizer alcohol base is a must even after RMCO as one of the new normal.
Michael Kwok
2128 posts
Posted by Michael Kwok > Jun 19, 2020 12:53 PM | Report Abuse X

No need slowly.Go and buy rm 15k each investor.Follow me.Im also writer(Predict upward)of AT,Anzo,MQ Tech,Vortex (on average 2-2.5 cents before)
23/06/2020 8:21 PM


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