Bursa Malaysia Stock Watch
TM - TM at 2-year high on 'dividend surprise'
kltrader
Publish date: Fri, 07 Jan 2011, 05:10 PM
kltrader
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Stock Name: TM
Company Name: TELEKOM MALAYSIA BHD
Research House: AMMB
Telekom Malaysia Bhd rose the most in almost two years after AmResearch Sdn Bhd said the company may announce a "dividend surprise" and investors should buy the stock as it has lagged behind its peers.
The stock gained 5.3 per cent to RM3.75 at the 12:30 p.m. local time break, set for its steepest gain since Feb. 25, 2009. Its fair value was raised to RM4 from RM3.90, AmResearch said in a report today. -- Bloomberg
Company Name: TELEKOM MALAYSIA BHD
Research House: AMMB
Telekom Malaysia Bhd rose the most in almost two years after AmResearch Sdn Bhd said the company may announce a "dividend surprise" and investors should buy the stock as it has lagged behind its peers.
The stock gained 5.3 per cent to RM3.75 at the 12:30 p.m. local time break, set for its steepest gain since Feb. 25, 2009. Its fair value was raised to RM4 from RM3.90, AmResearch said in a report today. -- Bloomberg
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