P1 is Wimax lah. Different technology. Also, P1 is NOT Greenpacket. They are different companies, with a small link. Other companies, own most of the shares in P1.
I'm not to 'gaduh' with you. But its a fact. P1 is proxy of greenpacket. Just follow any update. Thats why Gpacket shares start to move up together with TM new product.
PETALING JAYA: Telekom Malaysia Bhd’s (TM) bid to be a converged telecoms player with its acquisition of Packet One Networks (M) Sdn Bhd (P1) could yield long-term strategic opportunities if executed well, said Nomura Research analysts.
Its Asean telco analysts said, however, there were also questions regarding TM’s market entry strategy, network rollout plans and capital expenditure risks, among others, with a key investor concern being whether it could take on mobile players.
“We don’t dismiss the challenges in this shift; however, if executed well, there could be long-term strategic opportunities as well,” they said in a report.
Estimating data garnered around 30% of total wireless revenues, while tablets, smartphones and long-term evolution, or LTE, technology grew more mainstream, they said TM could tap into this growing market with its ability to offer a converged product.
Nomura Research also noted that TM’s re-entry into the wireless segment was similar to that of the United Kingdom’s BT Group, which recently secured 4G spectrum and was looking to launch wireless services.
Its analysts pointed out that BT’s initial offering was, interestingly, for the small and medium enterprise (SME) market rather than consumer, opining that TM could adopt a similar approach as well.
“Within its retail segment, SMEs, Government and enterprise account for 60% of TM’s retail revenue, while consumer takes up the rest. TM has 80% share in these segments, we think,” they said.
Nomura Research added that TM’s conclusion of its high-speed broadband discussions with the Government would be a key catalyst in the near-term, and remained positive on its second phase of fibre rollout.
They said TM’s current initiatives should see average earnings growth of 9% per annum in financial year 2014 (FY14) to FY17, adding that it was currently trading at 27 times Nomura Research’s revised forecast FY14 earnings.
Believing the stock has further catalysts despite a 15% year-to-date outperformance already, they have lifted their target price to RM7, maintaining their “buy” call.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mondrian
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Posted by mondrian > 2014-07-10 17:07 | Report Abuse
Where got turbo on? hahaha