Posted by kcfan > 2012-03-14 23:01 | Report Abuse

最新进展
马电讯（TM，4863，主板贸服股）放眼在截至今年杪，高速宽频服务——“UniFi”的覆盖范围可达130万个住户，以及用户达40万名。
换言之，该使用率将达31%，是相当值得鼓舞的水平。
行家建议
我们相信该公司可达致上述目标，因为Unifi用户的增长势头非常强劲。
截至今年2月22日，Unifi用户逾28万3000人，覆盖范围为118万个住户，相等于24%使用率。
根据目前按月平均有2万3000人加入Unifi行列，预计马电讯可在今年7月份达致目标。
另外，与成熟市场相比之下，我国的有限宽频渗透率还是很低，每100名居民中，只有7%人使用，新加坡则是26%。

Posted by kcfan > 2012-03-19 23:18 | Report Abuse

（吉隆坡19日訊）根據媒體報導，馬電訊（TM，4863，主板貿服組）的高速寬頻（HSBB）資本開銷將從明年起減低，今年資本開銷也只有10億令吉，早前公佈為26億令吉，包括13億為高速寬頻開銷，另13億令吉則是其他開銷。

Posted by kcfan > 2012-03-19 23:18 | Report Abuse

分析員說：“儘管如此，我們預期財政年營業額增長5%，並促使營運盈利按年增長2%；另外，每戶收費也將從基本配套提昇，包括由Unifi（每月150令吉）基本配套提昇，或由Streamyx（每月78令吉）提昇至Unifi基本配套。”
維持“買進”評級，目標價5令吉50仙。（星洲日報／財經）

Posted by kcfan > 2012-03-22 20:56 | Report Abuse

Telekom Malaysia Bhd (TM) aims to achieve 10 per cent growth in its small and medium enterprises (SME) customers by end-2012, from 494,000 customers currently.


Read more: TM targets 10pc SME subscribers growth http://www.btimes.com.my/Current_News/BTIMES/articles/20120322185612/Article/index_html#ixzz1pqkqb9fo

Posted by kcfan > 2012-03-26 18:32 | Report Abuse

TM eyes 400,000 customer base for UniFi

Posted by kcfan > 2012-03-28 20:23 | Report Abuse

We re-affirm our BUY call on TM at unchanged DCF derived fair value of RM5.50/share.
However there is upside risk to our fair value should Unifi take-up remain strong and
exceed our current conservative expectation. As a yardstick, if we raise our target Unifi
subs base to 400,000 by year end, our fair value increases to circa RM5.60/share (+2%).

Posted by Ariff Shah > 2012-04-03 20:25 | Report Abuse

wrong description here

Posted by kcfan > 2012-04-04 20:47 | Report Abuse

Raising our target price
We are raising our DCF-based target price from RM5.65 to RM5.76 (unchanged
WACC of 9.5%) on the back of our higher forecast and working capital
assumptions. Our target price implies EV/EBITDA of 7.0x for FY12 and 6.2x for
FY13 and P/E of 27x for FY12 and 21x for FY13. We think that the high P/E
multiples are acceptable because TM has frontloaded its investment in Unifi and
is now monetising it with the rapid growth in subscribers.
We reiterate our Outperform recommendation, with likely catalysts being the
stronger-than-expected growth in fibre broadband users, and earnings surprises.
TM continues to be our top Malaysian telco pick and one of our favourites in the
region given the strong growth in broadband.

Posted by kcfan > 2012-04-07 23:37 | Report Abuse

现金充裕进行资本回退　电讯股成投资者宠儿

二零一二年四月七日 晚上七时四十一分

（吉隆坡7日讯）在之前的报道中，虽然预期电讯业增长放缓，但是我们强调电讯公司将成为新一代的高盈利股。除了增加全年的派息比率外，还有通过资本回退来提高股东回报。

随着数码网有限公司（DIGI，6947，基建公司组）在去年提出资金回退计划后，马电讯有限公司（TM，4863，贸易服务组）在最近宣布了类似的举动。这将令到投资者对该股产生一个相对较低风险，以及高收益投资的看法。

自从2008年，马电讯分拆亚通集团有限公司（AXIATA，6888，贸易服务组）后，它的增长前景开始放缓。它的固定线电话业务逐渐收缩，主要是消费者改用手机。而固定线宽频业务Streamyx也受到压力，因为WiMAX和3G无线宽频运营商的出现，导致竞争越来越大。

直至最近，它的慷慨派息政策，最低支付总额达7亿令吉或90％的净利润以较高者为准一事，一直大大地吸引投资者。

高速宽频服务UniFi的意外强劲渗透率，似乎焕发了该公司的增长前景和投资者对该股的兴趣。

在2010年推出的第一年中，用户少于3万3000名，但在去年杪的用户总数上升到23万6501名，而每名用户每月平均收入（ARPU）大约是184令吉。

强劲的动力一直持续到今年的头几个月。现时用户总数已超过30万，这意味着它占取了大约25％的市场份额。

马电讯在宽频业务中，营业额按年增长21％，因此令到集团在2011年的整体收入增加4.1％，而2010年则取得2.1％的增长，预计在可预见的未来仍保持主要增长动力。

赚幅好转主要是去年营业额较高，而净利润总额是11亿9000万令吉。即使调整了一次性的收益/损失后，包括宽频投资的税务优惠政策，其经常性利润在去年大幅增长至约6亿3500万令吉，较2010年的4亿2200万令吉为多。

乘着积极动力下，马电讯已调升其2012年营业额增长目标至5％。预计年底时UniFi用户将达到40万，这似乎是相当保守的估计。该预测是根据今年头几个月录得的增长步伐而订。

UniFi开始看到来自明讯有限公司（MAXIS，6012，贸易服务组）和Packet One私人有限公司在未来几个月的竞争情况。该两家公司已签署了批发协议，估计它们在2012年底获得130万名用户。

特别是明讯与它的姊妹公司Astro，在互联网电视（IPTV）的内容和视频点播服务的经验，可能是一个强大的竞争对手。而Packet One的目标是吸引其固定和流动宽频服务的高档企业客户。该公司盼望在不久的未来推出其高速宽频配套。

天地通亚通有限公司和立通国际有限公司（REDTONE，0032，创业板）最近与马电讯签署了类似的批发协议。

尽管预期营业额强劲，但是马电讯估计今年利润率将会受到压缩，主要是HyppTV内容成本较高；竞争日益激烈，以及维修、广告及促销费用上升。

总括来说，我们预计今年净利润总额高达6亿6300万令吉，这意味着该股是以相当昂贵的28.4倍本益比来交易。较高的估值是被今年预测收益所支持。

该公司已建议每股资本回退30仙，以及每股派息19.6仙。以目前的5.37令吉价格来看，相等于净周息率9.4％。上述活动将于今年第3季完成。

展望未来，收益率预计在2013年将会回复正常化。

建议中的资本回退和每年派息将花费公司大约17亿7000万令吉，并推高资本负债比率。在2011年底净负债比率企于31.5％，较2010年底的15.4％大幅飙升。估计资金回退和支付股息约26亿令吉后，该比率在今年底料将进一步上升至约63％。

至少中期内，预料马电讯有可能再派发特别股息。它的每年股息定于每股19.6仙，当资本回退后，这意味着以现时的价格来看，净周息率大约是4％。

此外，数码网预计今年将会完成5亿900万令吉的资本回退行动。除了一小部分是在去年用作支付股息外，今年估计每股可获22.4仙。以目前股价3.92令吉来看，这意味着净周息率达5.7％。

我们预计数码网支付至少100％的年度利润作为股息，主要是得益于强劲的现金流动。该公司现金充裕，在2011年底净现金总额超过10亿令吉。它的资产负债表是很充裕的，而资本结构亦很最优异，它的资产负债比率介于35％至45％。

但是，目前由于股息储备金不多，因此股东所收取的股息相对很少。不过，该公司暗示会进一步加强资本管理措施，以提高派息金额，使到资产负债比率更接近目标。




现金充裕进行资本回退　电讯股成投资者宠儿

二零一二年四月七日 晚上七时四十一分

（吉隆坡7日讯）在之前的报道中，虽然预期电讯业增长放缓，但是我们强调电讯公司将成为新一代的高盈利股。除了增加全年的派息比率外，还有通过资本回退来提高股东回报。

随着数码网有限公司（DIGI，6947，基建公司组）在去年提出资金回退计划后，马电讯有限公司（TM，4863，贸易服务组）在最近宣布了类似的举动。这将令到投资者对该股产生一个相对较低风险，以及高收益投资的看法。

自从2008年，马电讯分拆亚通集团有限公司（AXIATA，6888，贸易服务组）后，它的增长前景开始放缓。它的固定线电话业务逐渐收缩，主要是消费者改用手机。而固定线宽频业务Streamyx也受到压力，因为WiMAX和3G无线宽频运营商的出现，导致竞争越来越大。

直至最近，它的慷慨派息政策，最低支付总额达7亿令吉或90％的净利润以较高者为准一事，一直大大地吸引投资者。

高速宽频服务UniFi的意外强劲渗透率，似乎焕发了该公司的增长前景和投资者对该股的兴趣。

在2010年推出的第一年中，用户少于3万3000名，但在去年杪的用户总数上升到23万6501名，而每名用户每月平均收入（ARPU）大约是184令吉。

强劲的动力一直持续到今年的头几个月。现时用户总数已超过30万，这意味着它占取了大约25％的市场份额。

马电讯在宽频业务中，营业额按年增长21％，因此令到集团在2011年的整体收入增加4.1％，而2010年则取得2.1％的增长，预计在可预见的未来仍保持主要增长动力。

赚幅好转主要是去年营业额较高，而净利润总额是11亿9000万令吉。即使调整了一次性的收益/损失后，包括宽频投资的税务优惠政策，其经常性利润在去年大幅增长至约6亿3500万令吉，较2010年的4亿2200万令吉为多。

乘着积极动力下，马电讯已调升其2012年营业额增长目标至5％。预计年底时UniFi用户将达到40万，这似乎是相当保守的估计。该预测是根据今年头几个月录得的增长步伐而订。

UniFi开始看到来自明讯有限公司（MAXIS，6012，贸易服务组）和Packet One私人有限公司在未来几个月的竞争情况。该两家公司已签署了批发协议，估计它们在2012年底获得130万名用户。

特别是明讯与它的姊妹公司Astro，在互联网电视（IPTV）的内容和视频点播服务的经验，可能是一个强大的竞争对手。而Packet One的目标是吸引其固定和流动宽频服务的高档企业客户。该公司盼望在不久的未来推出其高速宽频配套。

天地通亚通有限公司和立通国际有限公司（REDTONE，0032，创业板）最近与马电讯签署了类似的批发协议。

尽管预期营业额强劲，但是马电讯估计今年利润率将会受到压缩，主要是HyppTV内容成本较高；竞争日益激烈，以及维修、广告及促销费用上升。

总括来说，我们预计今年净利润总额高达6亿6300万令吉，这意味着该股是以相当昂贵的28.4倍本益比来交易。较高的估值是被今年预测收益所支持。

该公司已建议每股资本回退30仙，以及每股派息19.6仙。以目前的5.37令吉价格来看，相等于净周息率9.4％。上述活动将于今年第3季完成。

展望未来，收益率预计在2013年将会回复正常化。

建议中的资本回退和每年派息将花费公司大约17亿7000万令吉，并推高资本负债比率。在2011年底净负债比率企于31.5％，较2010年底的15.4％大幅飙升。估计资金回退和支付股息约26亿令吉后，该比率在今年底料将进一步上升至约63％。

至少中期内，预料马电讯有可能再派发特别股息。它的每年股息定于每股19.6仙，当资本回退后，这意味着以现时的价格来看，净周息率大约是4％。

此外，数码网预计今年将会完成5亿900万令吉的资本回退行动。除了一小部分是在去年用作支付股息外，今年估计每股可获22.4仙。以目前股价3.92令吉来看，这意味着净周息率达5.7％。

我们预计数码网支付至少100％的年度利润作为股息，主要是得益于强劲的现金流动。该公司现金充裕，在2011年底净现金总额超过10亿令吉。它的资产负债表是很充裕的，而资本结构亦很最优异，它的资产负债比率介于35％至45％。

但是，目前由于股息储备金不多，因此股东所收取的股息相对很少。不过，该公司暗示会进一步加强资本管理措施，以提高派息金额，使到资产负债比率更接近目标。

Posted by kcfan > 2012-04-09 19:04 | Report Abuse

Maintain BUY based onFV of RM5.70. TM remains one of our top picks for exposure to the sector inaddition to Axiata. Key share price re-rating catalysts are: (i) additional capitalmanagement (ii) stronger-than-expected earnings, and (iii) improved Unifi and wholesalecontributions.

Source: OSK188

Posted by kcfan > 2012-04-10 19:00 | Report Abuse

We keep our BUY call on TM based on higherFV of RM5.90 (previously RM5.70) following the 2-4% upgrade to our FY12/13forecasts. We maintain our NEUTRAL call on Maxis based on FV of RM5.50.

Posted by kcfan > 2012-04-13 21:37 | Report Abuse

TM proposes finaldividend of 9.8 sen
Telekom Malaysia (TM) is proposing a final single-tierdividend of 9.8 sen per share for the financial year ended 31 Dec 2011. Thecompany said in a filing with Bursa Malaysia that the dividend would go ex on22 May. The entitlement date would be 24 May subject to shareholders' approvalin the upcoming AGM on 8 May, it added (StarBiz)

Posted by kcfan > 2012-04-13 21:39 | Report Abuse

Looking ahead.TNB's management touched upon the following concerns:
Succession ' The names of the candidates for CEO have beensubmitted to the Government while an executive search firm has been appointedto look for a new CFO
Gas supply ' Since Jan 2012, gas from Petronas has hoveredat around 1100 mmscfd, which meant that TNB required minimal oil &distillates
25% Coal export tax 'Management feels that the tax could be delayed or cancelled given the strong lobbying from Indonesian coal miners and excess coal from SouthAfrica
PPA renegotiations ' Tenders have been called but managementfeels that it is unlikely to lead to a significant reduction in capacitypayments
Demand growth 'Surprisingly strong at 4.9% y-o-y from Sept 2011 to March 2012. Management hasguided for 4%, which may potentially be exceeded

Posted by kcfan > 2012-04-16 20:20 | Report Abuse

To expand Unificoverage to 1.3 mln premise passes by year-end
Telekom Malaysia Bhd (TM) aims to expand its Unifihigh-speed fibre optic broadband coverage to 1.3 million premise passes byyear-end in an effort to provide better services to customers. Currently, thetelecommunication giant has 1.2 million premise passes and 320,000 customersnationwide. Chief Executive Officer Datuk Zamzairani Mohd Isa said the effortwas in line with the company's aspiration of making 2012 the year forcustomers' experience. He said among the efforts put in place, was thetransformation of its frontline touch point such as TMpoint (the one-stopcentre), call centres and also technicians that deal with customers directly. Forthe business community, he said the company will add Hypp.TV, the Internet protocoltelevision service, into UniFi's business package in July to add more value toexisting services. ' Business Times

Posted by kcfan > 2012-04-17 23:07 | Report Abuse

Telekom Malaysia Bhd was recently awarded the "Service Provider of the Year" at the 2012 Frost and Sullivan Malaysia Excellence Awards.

Posted by kcfan > 2012-04-18 20:50 | Report Abuse

马来西亚通讯与多媒体委员会（MCMC）预测，我国的家庭宽频普及率将从去年的62.9%增至今年的65%。

大马通讯与多媒体委员会主席拿督莫哈末沙里尔表示，民众对高速互联网服务的需求将继续带动固定和流动宽频服务的增长。

“虽然我国的宽频市场接近饱和，但还是有其改善的空间，尤其是马电讯（TM）快速扩展的光纤高速宽频（UniFi）。”

莫哈末沙里尔今日在马兴业金融研究(MIDF Research)主办的一项有关电信讲座上发表谈话。

他也指出，这将有助已经推出的各项措施，包括提高宽频的普及率、提供更好的负担能力、增加其吸引力与提升人们对宽频的认知。

他表示，在达到饱和水平之前，宽频普及率将能继续增长至75%。

Posted by kcfan > 2012-04-19 23:27 | Report Abuse

UniFi营业额走高 马电讯增长势头强劲
财经新闻 财经 2012-04-19 19:09
（吉隆坡19日讯）马电讯（TM，4863，主板贸服股）近期股价走势看涨，资本回退计划料将持续进行，加上高速宽频服务UniFi的用户平均营业额（ARPU）有望进一步走高，券商唱好业绩前景，重申“买入”评级。
艾芬投资银行分析员表示，随着UniFi的用户和用户平均营业额预计将继续增长，因而推动马电讯的近期股价表现。
截至3月杪，马电讯拥有近30万名UniFi用户。
目前，UniFi以每月平均用户2万至2万1000名速度增长。
若以此计算，分析员2012财年45万名UniFi用户的预测显得过于保守。因此，分析员也上调2012至2014财年的UniFi用户预测，由45万、57万和67万名，各别上修至50万、72万和82万名用户。
“与此同时，我们也调整马电讯2012至2014年的每股盈利预测，分别上调3%至9%。”
基于马电讯2014财年的家庭用户渗透率走高（由2010财年的27%增加至33%），分析员预测，马电讯未来的网络用户将呈正面增长。
资本回退续进行
“此举料将进一步推高公司的盈利赚幅，而UniFi用户平均营业额（约184令吉）也比Streamyx的78令吉多1倍以上。
截至2011财年，马电讯的现金处于42亿令吉的水平。
鉴于马电讯的资产负债表强稳，加上公司有望在2012财年派发最低每股20仙的股息，分析员认为，资本回退计划料可持续进行。

Posted by kcfan > 2012-04-19 23:30 | Report Abuse

兴业研究保持马电讯表现超越大市的评级，合理价为5令吉85仙，并预期该公司在2012财政年再进行每股30仙的资本派发。

Posted by necro > 2012-05-03 00:06 | Report Abuse

GREEN SIGNAL...

Posted by Namoyaki Takarajima > 2012-05-10 10:10 | Report Abuse

Watch TM.

Posted by kcfan > 2012-05-16 23:20 | Report Abuse

Maintain Outperform
We maintain our forecasts and Outperform recommendation but raise our
DCF-based target price from RM5.76 to RM6.20 for a lower WACC of 9.2%
instead of 9.5%. Our target debt/equity assumption is now raised from 0.7x to
0.85x due to its active capital management.
Likely catalysts are stronger-than-expected growth in fibre broadband users and
earnings surprises. TM continues to be our top Malaysian telco pick and one of
our favourites in the region given the strong growth in broadband. However, it
is no longer a high conviction pick given its strong share performance.

Posted by kcfan > 2012-06-13 23:21 | Report Abuse

Target price: 6.10 ringgit
The latest progress
Telekom Malaysia (TM, 4863, shares of the Main Board of Trade clothing) Unifi's service in the first quarter of fiscal year 2012, an increase of 78 000 users, with the last quarter of last fiscal.
Competitors Maxis (Maxis, 6 012, the motherboard shares of Trade and service price cutting, therefore, high-speed broadband networks in the field began to fierce competition.
Fiscal year 2012 capital expenditure of $ 2.3 billion 60 million ringgit, FY 2014 is expected to decline to 1.8 billion 50 million ringgit. Cash flow will increase, coupled with 2.3 billion ringgit in cash held is expected to have greater capital management space.
Expert recommendations
Telekom Malaysia to implement a number of promotional activities, we expect that Unifi will continue to increase by a similar margin.
The company will profit due to increase in the wholesale broadband transmission service demand, which will also HSBB network can accelerate the commercialization process.
Solid growth in turnover to earn substantial increase, we predict that the 2012-2014 fiscal year, three-year compound annual growth rate will reach 25%. Telekom Malaysia to implement a 90 percent dividend policy, the investor will receive a higher dividend.

Posted by kcfan > 2012-06-22 19:04 | Report Abuse

TM is likely to continue with its uptrend line.Nice day for TM.Cheer....

Posted by kcfan > 2012-06-23 07:50 | Report Abuse

Current P/E Ratio (ttm) 15.9384
Estimated P/E (12/2012) 26.8396
Earnings Per Share (MYR) (ttm) 0.3570
Est. EPS (MYR) (12/2012) 0.2120
Est. PEG Ratio 1.4915
Market Cap (M MYR) 20,355.42
Shares Outstanding (M) 3,577.40
Enterprise Value (M MYR) (ttm) 22,492.92
Enterprise Value/EBITDA (ttm) 6.57
Price/Book (mrq) 2.6344
Price/Sale (ttm) 2.1686
Dividend Indicated Gross Yield 3.4446
Next Earnings Announcement 08/24/2012

Posted by KC Loh > 2012-06-23 15:41 | Report Abuse

Thanks kcfan, appreciate the financial data

Posted by kcfan > 2012-07-11 23:09 | Report Abuse

Expanding Ethernet Coverage: TM
Telekom Malaysia (TM), Malaysia’s largest fixed-line company is seeking to expand its Ethernet reach. It is tying up with Inteliquent for the implementation of Inteliquent’s EtherCloud solution for TM. TM will be able to leverage on Inteliquent’s EtherCloud solution, whereby it has 120 points of presence worldwide, to extend its global Ethernet reach. TM Global Ethernet is a secure bandwidth connectivity service over shared network resources. TM Global executive vice-president Rozaimy Abdul Rahman said in a statement that through this alliance, TM will not only be able to serve nationally but also expand its Ethernet presence globally further, offering comprehensive solutions to Inteliquent and its respective clients.

Posted by kcfan > 2012-07-12 11:07 | Report Abuse

break record high.

Posted by kcfan > 2012-07-12 20:45 | Report Abuse

Beside waiting for price continue uptrend,I also wait for it next earnings announcement on special dividend by August.Cheer

Posted by kcfan > 2012-07-12 23:28 | Report Abuse

The local telecommunications industry, fiber-to-household "services, more competitive and Telekom Malaysia (TM, 4863, Main Board of Trade and service shares) to present their first trend is expected to continue to win market share.

The Kennan Jia investment research in the report pointed out that the highly competitive high-speed broadband, Maxis (Maxis, 6012, the Main Board of Trade and service shares) re-packaging "fiber to household services, provide more affordable subscription price for Telekom Malaysia greater threat.

The Kennan Jia signings management's talk that Telekom understand that home broadband services in competition, but the company is expected to still be healthy growth, and continue to win market share, the short to medium term the company still occupies the first of the potential. "

In addition, the company also plans to introduce more value-added products, rather than retain customers signed through the low rate.
Kennan Jia disclosed that the management believes that this is the most effective way to retain customers, a large group of the Unifi user's contract will be updated in 2013, ended the first quarter of 2012, the number of users has increased to 237,000, a year ago only 33,000 people.

In addition, the digital terrestrial TV broadcasting Offer Multimedia Commission (MCMC) Biography (DTTB), is expected to cost about 1 billion ringgit, but Telekom is only under the infrastructure equipped with the capital cost of about 6 million to RM700 million .

Capital fallback, the management of Telekom Malaysia is expected in August will be able to make capital fallback, 1.07 billion ringgit in cash to shareholders.

Posted by Noraini Ismail > 2012-07-13 00:55 | Report Abuse

What is capital fallback.

Posted by KC Loh > 2012-07-13 01:02 | Report Abuse

noraini, basically means reserves

Posted by kcfan > 2012-07-13 09:42 | Report Abuse

Another record high is poised to continue uptrend. cheers

Posted by kcfan > 2012-07-13 12:18 | Report Abuse

Breakout to RM6.00 now.Can go further ? Cheers

Posted by kcfan > 2012-07-16 13:48 | Report Abuse

Touch back on RM6 .Can go further uptrend.Cheers

Posted by kcfan > 2012-07-17 23:52 | Report Abuse

Research analyst stressed in the report, I believe TM announced the 30 cents dividend per share paid in the 2012 fiscal year, but most likely wait until the fourth quarter, that is, it was formally announced in February next year and the business activities.

　"We believe that Telekom distributed the 2011 fiscal year-end dividend, there are still large amounts of cash to be allocated up to 2.6 billion ringgit."

　Analysts expect distributed the 2011 fiscal year $ 300 million to 50 million ringgit a final dividend (9.8 cents) per share and the capital allocation of 1 billion 70 million ringgit, or 30 cents per share after the horse telecommunications has net cash of 2.6 billion ringgit, still equivalent of 73 cents per share.

Posted by kcfan > 2012-07-20 12:37 | Report Abuse

Company Name: TELEKOM MALAYSIA BERHAD
Stock Name: TM
Date Announced: 20/07/2012

Announcement Detail:
Subject: TM - NOTICE OF BOOK CLOSURE

Contents: Capital repayment to shareholders of RM0.30 per share ("Capital Repayment").

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Repayment" ]
as from : [ 27 July 2012 ]

2) The last date of lodgement : [ 31 July 2012 ]

3) Date Payable : [ 15 August 2012 ]

Remarks :- The Capital Repayment involves a capital repayment of approximately RM1,073.2 million to the shareholders of Telekom Malaysia Berhad ("TM").

The Capital Repayment will be implemented by way of a reduction of the issued and paid-up share capital of TM under Section 64 of the Companies Act, 1965, whereby the par value of each ordinary share in TM will be reduced from RM1.00 to RM0.70 per share as approved by TM's shareholders on 8 May 2012 and confirmed by the High Court of Malaya at Kuala Lumpur on 13 July 2012. For the avoidance of doubt, the total number of ordinary shares of TM in issue will remain unchanged at 3,577,401,980 shares.

The trading of TM shares on the Main Market of Bursa Malaysia Securities Berhad will not be suspended for the purposes of the Capital Repayment.

TM's shareholders, whose names appear in TM's Register of Members and/or Record of Depositors at 5.00 p.m. on 31 July 2012 ("Entitlement Date"), shall receive a cash payment under the Capital Repayment of RM0.30 for each ordinary share of RM1.00 in TM held as at the Entitlement Date.

The payment to shareholders of RM0.30 for each TM Share held on the Entitlement Date will be made by cheque. The cheques will be despatched by ordinary post to the addresses as appearing in TM's Register of Members and/or Record of Depositors at the shareholders' own risk.

TM's shareholders are not required to take any action in respect of the Capital Repayment.

Upon completion of the capital repayment exercise, the total issued and paid-up ordinary share capital of TM will be RM2,504,181,386 comprising 3,577,401,980 shares of RM0.70 per share.

Posted by kilrathi > 2012-07-23 20:25 | Report Abuse

what does this mean to the shares of TM ?? if PAR value becomes 0.70 ??

Posted by gajah > 2012-07-27 10:13 | Report Abuse

kcfan - Is this a good point to enter TM?

Posted by kcfan > 2012-07-27 10:31 | Report Abuse

Think to accumulate on current stage price.Have a nice trading day's ahead.

Posted by gajah > 2012-07-27 10:31 | Report Abuse

kcfan or anyone with an opinion - any advice on TM?

Posted by zack_liza > 2012-07-27 12:11 | Report Abuse

buy this level..normaly after capital repayment this will rebound.. please refer last capital repayment on 24/5/2011 (RM3.80) now RM6.31 high (17/7/2012)...dividend policy 90% from net profit.

Posted by gajah > 2012-07-27 12:23 | Report Abuse

Thanks kcfan, zack_liza. Maxis drop because main shareholder ofload at a discount, Axiata is slightly up and Digi is slightly down. Adjustment for cap repayment has been done. No reason for TM to go down further. Div policy is good. Results next month - always pay half year dividend. Go go go

Posted by hoyt > 2012-07-27 12:26 | Report Abuse

Good dividend and price appreciation.

Posted by kcfan > 2012-07-27 12:29 | Report Abuse

I onging to collect more now since hold it pass 2 years time.

Posted by zack_liza > 2012-07-27 12:34 | Report Abuse

maxis still ok.dividend pershare RM0.40 a year..now just panic selling... axiata also good stock..can buy at RM5.80 and below...to me digi very expensive but still okay (dividend & capital repayment 80% from net profit)

Posted by hoyt > 2012-07-27 12:39 | Report Abuse

Have been averaging up past 3 years. Adding more today.

Posted by kilrathi > 2012-07-28 00:08 | Report Abuse

i personally love TM, cos of its LINEAR graph chart since 5 years .. and still showing a linear uptrend .. :)) Keep this stock forever .:)

Posted by yourpal > 2012-07-31 05:32 | Report Abuse

hoyt, as you average up, are you not concerned that your gain % is reduced?

Posted by passerby > 2012-07-31 05:43 | Report Abuse

average up is one of a good strategy, much more better than average down in my opinion. the important issue is, hoyt is making money by averaging up even though the % of gain is reduce but it is still gain. not many people can do that psychologically while worrying the gain % being reduced

Posted by hoyt > 2012-07-31 21:24 | Report Abuse

Thx passerby.
@yourpal - I entered when it was around 3.20. The occasion fluctuation is not significant as in the long run its still trending up. I still gain on the dividend and cap repayment.