Exellent 1st Qtr Result ! .Profit up 113% to RM325m... TP Rm7.00.

TM to benefit from pandemic-fuelled fibre broadband adoption

KUALA LUMPUR, May 18 ― Telekom Malaysia Bhd (TM), being the nation’s main fixed line player, is poised to benefit from the pandemic-fuelled fibre broadband adoption, hence putting the company in a favourable position.

Maybank IB Research has retained its “Buy” call on the stock with a target price of RM7.40.

The research outfit in its latest report revealed that fixed broadband adoption has continued to climb throughout 2020, ending the year at 3.35 million connections, representing a penetration of 41 per cent - a level last seen in 2015 when long-term evolution (LTE) networks were not yet launched.

“We estimate the standalone fibre broadband penetration at 29 per cent at end-2020, and rising.”

Premises passed for fibre totalled 5.4 million, implying a “conversion-rate” of 45 per cent.

“With telecommunication companies (telcos) working towards achieving Jendela's (National Digital Network) premises-passed targets of 7.5 million in 2022 and 9.0 million in 2025, we expect fibre connections to increase in the coming years.”

Maybank IB said with TM being a beneficiary of both the work-from-home and 5G-deployment themes, it sees room for valuation to expand.

As for the Environmental, Social and Governance (ESG) pressure faced by telcos, the research house said it is overall benign.

“Telcos are not major emitters and thus do not pose a significant threat to the environment. Major social issues relate to digital inclusion and data protection, and can generally be well-managed from an operational perspective.”

Apart from capacity superiority, fibre is also less energy intensive relative to copper as data is transmitted by light. Transitioning from copper to fibre is thus an easy way for telcos to reduce carbon footprint.

It said TM presently operates both copper (Streamyx) and fibre (Unifi) last-mile networks, and has already begun moving its copper broadband subscribers to fibre (where there is overlap) or mobile networks.

“We expect TM to continue expanding its fibre last-mile coverage, and believe it would eventually shut down its copper broadband network,” said Maybank IB.

As at 12.05pm, TM added 10 sen to RM5.82 with 1.58 million shares traded. ― Bernama

Will close above Rm6.00 today...

TM will deliver a good qtr result end of this month. it is the time to accumulate at this price before it fly.. epf and kwap is accumulating..

market sentiment no good today. almost 900 conters drop.. many panic selling.. dnex still steady holding..consider good liao.. why need to complain... now pp price already known, next who will be the buyer.. after that. it will fly to RM1.. just hold.. ignore the noise.

Today will up at least..72 sen 20% ..

Disney Shutdown ? No impact as compared to Astro as TM revenue mainly from Unifi, The share is oversold.. It is time to collect when the price is weak.

Price already factored in..wont drop but probally will up..

With the PP news. all IB "surprised" and recommend to sell with lower target prices RM2.40- RM2.90 but the price never go down instead keep on going up.. very surprise ??? who is still buying ????

Private placement will be taken up by big fund manager , not like right issue, it will be positive to ambank ..

Siltera deal confirmed.. more good news at EGM today.. hope will close above RM1.00 today

some good announcement coming...

the private placement last month 15.2.2021 was 0.30 but on 18.3.2021 increase more than double to 0.734 ! who is taking this PP at this price ? big foreign fund sapu ?

Director acquired all RM50 Million share via private placement ! must be very good new coming.. next week fly

panic buying... will close green today.

Once break Rm1.00....will sky rocket to Mar.

Greatec is back..Today will close green..

Morning red...afternoon will be super green..huhu..

Tm wake up this 2 days..must be some good news coming..

Son will fly in the afternoon..

RM1.00 today !

RM0.40 Today...

censof up..up... still undervalue . ride on dnex and mydigital

Censof stay steady. benefiery of Mydigital and ride on Dnex....steal cheap before fly..

Luckily manage to collect some this morning....let us huatt...go go Dnex...

No bad news but price keep dropping, Epf,Kwap,Asb everyday buy and sell TM among themselves,.for them to buy cheap...once selling stop...it will fly again..

Tmc79 look cheap..

A lot of ccumulation at Rm6.10 today.. TM will fly anytime..time to rebound ..

dataprp and dnext fly, time for censof to take off..

buying momentum strong. censof will close 0.40 today

Rm 1 billion profit..

yes. buy censof , cheaper.. proxy to dnex...buying interest look coming...

All contra kaki and weak holders already flused out..hope to today dnex starting to climb again..

This counter follow Dnex..today will rebound ..

Dj 424 , market sentiment will be good today...Tnb will close above RM10.00 today

Public Investment set TNB TP RM12.42... Buy Buy, !

big funds don't want to miss the boat.... panic buying ! haha

still cheap...buy buy... RM1.00 by next week..

hu hu.. big announcement coming.. limit up today.

Posted by apple168 > Feb 17, 2021 3:26 PM

https://www.therakyatpost.com/2020/12/24/tnb-giving-out-20-sen-rebate-...

Haha. Old and Misleading news.

Last year my December TNB bill give 15% "Diskaun Rangsangan Ekonomi"

This year, I just checked my TNB January 2021 bill, the Rebate ICPT is RM0.02/kWh only

Where got 20 sen rebate.. ? Can u show the proof .

This pandemic will be over and the demand for electricity will be increasing.

Look into the future. Current and new ETS,MRT,LRT,ECRL projects , TNB Broadband project , all will increase electricity demand.

Many new upcoming residential property, condo are installing charging stations for Electric Vehicle (EV) as a standard facility.

The future is EV. see how TESLA share rising in this 2 years. TESLA Boss now becoming richest man in the world !

No need to wait RM6xx. Buy now when price is weak. Think positive and cheer.. !

i agreed that coal price will impact tnb price. However, TNB will have already taken consideration the future rising cost of coal price in the tariff. TNB is not private company power generator . It is monopoly business, GLC own by gov and gov can control the tariff. The current pandemic , tariff rebate (paid by gov) is just a temporary and with vaccine coming, economy will fast recover and i confident TNB will shine again.

mywb, RM6xx is TNB price in 2012 ,when the coal price is lower,
but TNB has risen from RM6 in 2012 to about RM12 in 2020. I doubt coal price is dropping from 2012 until todate

You mean coal price will drop back to 2012 level so TNB will drop to RM6.00 kah ?

My opinion is TNB price is not only depend coal price or Chart. Current Everything goes up but TNB still made billion of profit every years. Everyone still has to pay electricity regardless of coal price up or down.

Any update on the courtcase yesterday? So many scare selldowb tnb

very strong...RM1.00 coming

up 20 sen for 2 days.. if today drop 2-3 sen... normal lah. profit taking and scare of pp. tommorow will fly again.

tnb go to court also scare..... haiz...najib kor fined by IRB billions RM also now can still play fb everyday..

Look at the positive side. covid-19 case dropping and vaccine coming. all sectors are starting to open.

The rebate also already less than last year.. go and check January bill... haha.

Ini kalilah...today break 0.4 and fly..

Foreign Fund managers will buy back tenaga...no more chance below rm10.0.. Tenaga will go north...

anytime will fly above 0.40...