Bursa Malaysia Stock Watch

Telekom Malaysia: Maintain Buy - Still Rolling In The Deep

kltrader
Publish date: Thu, 30 Aug 2012, 09:52 AM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
  • Still good for now. Despite the stock's outperformance in 2012, we are maintaining our BUY call with a higher target price of MYR6.61. 2Q12 results were within our expectations. While 2H12 is likely to be more challenging given the prospect of increasing competition driven mainly by Maxis, as well as rising costs, we believe TM is well prepared on all fronts.
  • Also, we believe Maxis will remain rational in its competition and will not send the industry into a tailspin.
Click here for full report

Source: Maybank Research - 30 August 2012
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment