Posted by RainT > 2021-01-20 12:28 | Report Abuse

READ

Posted by stuffx > 2021-01-20 16:53 | Report Abuse

RM7 to come https://www.theedgemarkets.com/article/ambank-research-raises-tms-fair-value-rm710

Posted by STEADYBOMBIBI85 > 2021-01-24 22:39 | Report Abuse

Eurocham: No mention of lockdown after Feb 4 in meeting with Miti

https://www.thestar.com.my/news/nation/2021/01/24/eurocham-no-mention-of-lockdown-after-feb-4-in-meeting-with-miti#.YA1_G6wITnI.whatsapp

Posted by shareking1 > 2021-01-27 15:00 | Report Abuse

Today uptrend

Posted by CUTLOST > 2021-01-28 15:45 | Report Abuse

Hope will cross 7.5 soon

Posted by Bgt 9963 > 2021-01-28 16:54 | Report Abuse

Tomorrow...RED...!

Posted by x_abe81 > 2021-01-29 10:25 | Report Abuse

TM to post strong revenue in FY21-FY22: RHB Research

KUALA LUMPUR: Telekom Malaysia Bhd (TM) is likely to chart stronger revenue for unifi and internet in the financial year ending December 31, 2021 (FY21) and FY22, said RHB Investment Bank Bhd.

Its analyst Jeffrey Tan said the higher revenue could be attained from higher fixed/fibre broadband subscriptions from extended work-/study-from-home arrangements, the aggressive targets for fibre premises passed under the National Digital Network (Jendela) infrastructure plan, and the on-going conversion of narrowband/Streamyx customers to fibre.

TM added a record 97,000 unifi subscribers in the third-quarter of 2020 due to strong broadband take-up from the teleworking phenomena.

"For the first-nine month of 2020 (9M20), TM added 204,000 new unifi subscribers, more than the average of 170,000 additions pa in FY17- FY19," he said in a research report today.

Tan said the accelerated digitalisation trend by enterprises would be positive for TM's data revenue via demand for cloud services.

He said TM should also benefit from government's 2021 Budget for the grants/initiatives extended to small and medium-sized enterprises, with renewed public sector information, communication and telecommunication (ICT) spending after some delays due Covid-19.

"We gather TM is seeing renewed demand for connectivity and data centre (DC) solutions from over-the-top (OTT) companies, with new deals clinched on content delivery services from an Asian-based OTT player.

"It may kick-start phase two of its Klang Valley Data Centre, if DC pipelines remain strong," he said.

Tan said TM has targeted a further RM500 million in cost savings over the next three to five years as the operational expenditure savings would come mainly from staff, operations and maintenance, and the upgrade of its IT systems including a new business support system platform.

"TM remains a key beneficiary of the infrastructure roll-out, under the Jendela. We lift FY21-FY23's core earnings by 8.0 per cent to 12 per cent after imputing stronger internet and data growth assumptions, while expecting further cost vigilance."

The research firm has maintained a "Buy" call for TM with a target price of RM7.20.

Posted by x_abe81 > 2021-02-09 09:01 | Report Abuse

Return of the King, slowly but surely!

CGS-CIMB sees Telekom Malaysia announcing a special dividend for 4Q20.

In a note dated Feb 5, the research house's analysts Foong Choong Chen and Sherman Lam Hsien Jin said they assumed a 60% payout ratio for FY20 to FY22 (dividend per share [DPS]: 17.3 to 21.6 sen), in line with TM's dividend policy.

"However, we believe it has the capacity to pay more as its net debt/EBITDA (earnings before interest, taxes, depreciation, and amortisation) eases from 1.2 time at end-FY20 to 0.9 time at end-FY22.

"Specifically for FY20, given FCF per share of 39.4 sen, we think there could be a special dividend in 4Q20. Assuming extra 20% payout, FY20 DPS will be 23.1 sen (yield: 3.6%)," they said.

They also expect that TM 4Q20 core earnings per share (EPS) may benefit from strong Unifi net adds and seasonality.

Due to the imposition of the Conditional Movement Control Order since mid-October, they believed Unifi demand should have spiked as employees worked and students studied from home.

Besides robust internet growth, they estimate TM's 4Q20 revenue benefitted from positive seasonality, with voice (wholesale minutes), data (indefeasible right of use) and other (customer ICT projects) revenues rising quarter-on-quarter.

"Hence, we believe 4Q20 total revenue rose 9% to 10% quarter-on-quarter (down 2% to 3% year-on-year) and EBITDA gained 7% to 8% quarter-on-quarter (up 11% to 13% year-on-year).

"EBITDA margin likely eased 0.5% to 1% point quarter-on-quarter to about 38% due to seasonally higher costs but this was still a major 5% to 6% point improvement year-on-year. FY20 EBIT (earnings before interest and taxes) likely came in at about RM1.7 billion, soundly beating TM's guidance of RM1.3 billion to 1.5 billion," they said.

Factoring in more optimistic assumptions for fibre net adds and slightly lower operating expense, they raised TM's FY20 to FY22 EBITDA/core EPS by 2.7 to 5.1%/8.8 to 15.4%.

"Post this revision, we now forecast FY20/21/22F EBITDA to grow 0.6%/6.4%/4.2% year-on-year on revenue recovery, with cost-saving initiatives helping to buffer any pressure from fibre rollout acceleration.

"Core EPS should rise 8.4%/15.4%/7.9% year-on-year, partly offset by rising depreciation (higher capital expenditure),' they said.

They reiterate "add" call on the stock, and raise its target price 25% to RM7.00 after FY20 to FY22 earnings hike.

TM will report its 4Q20 results on Feb 24.

Posted by stevkok > 2021-02-09 15:28 | Report Abuse

Target price, RM7.00 only?? why so low??

Posted by MingGoon > 2021-02-09 16:57 | Report Abuse

TM .. going to declare special div...

Posted by ks5S > 2021-02-09 19:31 | Report Abuse

will hit 8.00
then masuk balik klci index. after masuk 9.00

Posted by ks5S > 2021-02-09 20:37 | Report Abuse

epf continue buying to prepare tm enter back klci index.

Posted by STEADYBOMBIBI85 > 2021-02-09 23:12 |

Post removed.Why?

Posted by maximus . > 2021-02-10 19:44 | Report Abuse

tm suppose to be same as tnb....

Posted by Petronas > 2021-02-12 17:48 |

Post removed.Why?

Posted by ks5S > 2021-02-12 18:22 | Report Abuse

The shares of Telekom Malaysia (TM) closed 23.8% higher year-to-date at RM6.70 yesterday, leading up to the expected release of its fourth quarter (4Q20) results towards the end of this month. Macquarie Equities Research (MQ Research) raised its target price for TM, its top pick within the Malaysian telco sector, with a view that 4Q20 results will provide evidence of improved profitability.

Key Points
Efficiency programs are providing better cost controls than expected.
TM is a beneficiary of structural themes of digitalisation, connectivity and 5G.
FY20/21/22/23E core profit up 8.6/13.4/16.2/14.0%; target price (TP) +41% to RM8.02.
Event
MQ Research reiterates its Outperform recommendation on Telekom Malaysia with an increased discounted cash flow (DCF) derived price target of RM8.02 on increased forecasts, a roll-forward of MQ Research’s basis period and changes to its weighted average cost of capital (WACC) and long term (LT) growth assumptions. Discussions with management point to no slowing down in efficiency gains at TM, leading to upgrades in MQ Research’s estimates. A more measured approach to wireless services is also helping. The ongoing Jendela program and increased digitalisation of the Malaysian economy, meanwhile, open up new markets for TM and should, in MQ Research’s view, drive overall growth. As a result of these, MQ Research now expects TM to deliver an 18% 2020-2023E earnings per share (EPS) compounded annual growth rate (CAGR), support upward momentum to valuations which, at 6.9x 21E adj enterprise value (EV) to earnings before interest, tax, depreciation and amortization (EBITDA), remain below levels (8-9x) seen before May 2018 when the move to “double the speed at half the price” slashed profits in 2018/19. Healthy cashflows and an underleveraged balance sheet also provide room for higher future dividends.
Impact
Cost controls to stay. MQ Research’s recent discussions with management reveal that, contrary to its previous expectations, cost controls at TM continue to hold and, if anything, management are working towards achieving higher margins, even from the elevated 37% of 9M20. Additionally, a more focused wireless strategy has reduced losses at Unifi mobile significantly (MI -66% in 9M20).
Growth and thematics to drive multiples. By MQ Research’s estimates, TM’s core profits will exceed its 2015 peak in 2020 and post an 18% core profit CAGR between 2020-2023E. This superior growth, MQ Research believes, should allow its shares to retest the 8x EV/EBITDA multiples it traded on between 2015-2017. Aiding this multiple expansion will be the thematics of digitalisation and cloud which should fuel demand for connectivity (consumer, wholesale and enterprise) and TM’s nascent data centre business.
Earnings and Target Price Revision
MQ Research raise its profit estimates in FY20/21/22/23 8.6%/13.4%/16.1%/14.0%, on improved margin assumptions. DCF-derived TP +41% to RM8.02 on higher estimates, roll-forward and WACC changes.
Price Catalyst
12-month price target: RM8.02 based on a DCF methodology.
Catalyst: 4Q20 results due end Feb to provide evidence of improved profitability.
Action and Recommendation
Outperform reiterated. TM is MQ Research’s top pick within the Malaysian telco sector.
12-month Target Price Methodology
T MK: RM8.02 based on a DCF methodology
Source: Macquarie Research - 10 Feb 2021

Posted by sharun > 2021-02-13 10:09 | Report Abuse

will touch 7.00 next week

Posted by vanbasten9 > 2021-02-15 19:05 | Report Abuse

Dropping dropping easy easy come come come

Posted by vanbasten9 > 2021-02-15 19:06 | Report Abuse

You guys realize TM quarterly profit n EPS 8 sen plus are all time high.....

Posted by vanbasten9 > 2021-02-15 19:10 | Report Abuse

TM historic high share price RM 7.3....Maybank is 10.5.... going for records now guys..

Posted by vanbasten9 > 2021-02-15 21:26 | Report Abuse

Wah if TM becomes RM 8 then my 10 sen c76 and 10 sen c76 becomes.....

Posted by mamatede > 2021-02-16 14:46 | Report Abuse

All time high for TM, i think it will go higher.

Posted by hengsame > 2021-02-16 15:02 | Report Abuse

Better run for your life...
leaked info TM net profit much less than expected

Posted by hengsame > 2021-02-16 15:06 | Report Abuse

SELL first ... something wrong with coming net profit

Posted by hengsame > 2021-02-16 15:08 | Report Abuse

There would be any special dividend if net profit is much less than expected

Posted by michaelwong > 2021-02-16 15:25 | Report Abuse

Bought some at 6.30 after spike downward .

Posted by info2nizam > 2021-02-16 15:47 | Report Abuse

scary drop today, hope it's temporary.

Posted by wallstreetrookie > 2021-02-17 07:39 | Report Abuse

Very low profile stock but the performance is actually pretty decent

Posted by Keyman188 > 2021-02-19 08:27 | Report Abuse

All eyes on PM's MyDigital announcement as 5G roll-out plan expected

(theedgemarkets.com / February 19, 2021 07:30 am +08)

KUALA LUMPUR (Feb 19): All eyes are on Prime Minister Tan Sri Muhyiddin Yassin's "MyDigital — the Malaysia Digital Economy Blueprint" announcement slated for 9am today, which is expected to unveil the government's 5G roll-out plan.

The prime minister previously indicated, during his New Year's Eve address on Dec 31, 2020, that the government's national digital policy would have a particular focus on the development of the 5G network system.

A month before that, Communications and Multimedia Minister Datuk Seri Saifuddin Abdullah said the ministry remained committed to rolling out 5G technology by the end of 2022 or early 2023, as stated in the National Digital Network (Jendela) plan that falls under the 12th Malaysia Plan.

Saifuddin said the implementation of 5G would take into account connectivity, the people's readiness to receive the network, as well as regulatory and industry preparedness.

Six months prior to that, in May, the ministry awarded Telekom Malaysia Bhd, Celcom Axiata Bhd and units from Maxis Bhd and DiGi.Com Bhd the 700 megahertz (MHz) band of 5G network, which surprised many in the industry who were expecting an open tender process to take place.

However, the decision was subsequently cancelled, with Saifuddin citing "technical issues, laws and the need to follow a clear process" as the reason behind the cancellation.

Cont...

## https://www.theedgemarkets.com/article/all-eyes-pms-mydigital-announcement-5g-rollout-plan-expected

Posted by luveen96 > 2021-02-19 09:58 | Report Abuse

TM as one of the cloud service provider

Posted by apprentice > 2021-02-19 10:06 | Report Abuse

Posted by vanbasten9 > Feb 15, 2021 9:26 PM | Report Abuse

Wah if TM becomes RM 8 then my 10 sen c76 and 10 sen c76 becomes.....


_______________________________________________________________________

LOL

No 10 sen done since listed on 9 Feb.

Only 16 sen.

Posted by kevinobc > 2021-02-19 11:51 | Report Abuse

https://www.theedgemarkets.com/article/muhyiddins-speech-mydigital-malaysia-digital-economy-blueprint-launch-ceremony

Posted by x_abe81 > 2021-02-19 12:56 | Report Abuse

Slowly in route to RM8. It will break its previous high price beyond rm7 and establish it position as leader among the other companies.

Posted by al8800 > 2021-02-19 17:22 | Report Abuse

Taught disposed TM last month, but after govt announcement, now hold tight (X 10).

Posted by vanbasten9 > 2021-02-19 21:03 | Report Abuse

@apprentice. You live up to your virgin boy name......misprint c75 i got at 10 sen..

Posted by vanbasten9 > 2021-02-19 21:04 | Report Abuse

@apprentice go ahead cut n paste my cw recommendations on i3 even just for 2021

Posted by vanbasten9 > 2021-02-20 11:53 | Report Abuse

What's the highest TM can go this year 2021 with Digital Blueprint out ... Discuss

Posted by Hamsip > 2021-02-20 22:35 | Report Abuse

Buy on rumor sell on news. Falling down

Posted by aliyusof > 2021-02-21 06:12 | Report Abuse

TM is not for goreng. Mid n long term holding

Posted by vanbasten9 > 2021-02-21 09:46 | Report Abuse

Wrong. TM kena goreng from RM 4.8 in November to Feb over a 4 month period. I know. I profited from its CWs.

Posted by vanbasten9 > 2021-02-21 09:47 | Report Abuse

I just like to ask opinions on how TM will fare march-june. Tidur. Goreng naik goreng turun especially with the the digital blueprint out now.

Posted by apprentice > 2021-02-21 10:12 | Report Abuse

Posted by vanbasten9 > Feb 19, 2021 9:03 PM | Report Abuse

@apprentice. You live up to your virgin boy name......misprint c75 i got at 10 sen..

_____________________________________________________________________

You got caught cheating and now say misprint.

You been lying in the forum on CWs many times.

Yet you want to insult me instead of apologising.

So pathetic.

Posted by apprentice > 2021-02-21 10:30 | Report Abuse

I copy and paste what you wrote as proof.

You can delete your post but not mine.

Posted by aliyusof > 2021-02-21 13:20 | Report Abuse

https://www.malaymail.com/news/malaysia/2021/02/19/tm-says-fully-on-board-with-putrajayas-mydigital-roadmap/1951072

Posted by vanbasten9 > 2021-02-21 21:20 | Report Abuse

TM c75 was the one i bought

Posted by Hamsip > 2021-02-21 22:23 | Report Abuse

Hey time out @vanbastan. Get back to your script and don't bother fighting with a newbie... Not worth it. Chill.

Posted by kevinobc > 2021-02-22 11:39 | Report Abuse

https://focusmalaysia.my/featured/tm-to-ride-the-wave-of-mydigital-seen-as-the-ultimate-beneficiary/

Posted by vanbasten9 > 2021-02-22 22:32 | Report Abuse

@hamsip -nice name. You must be cantonese

Posted by aliyusof > 2021-02-23 05:48 | Report Abuse

Govt firm to build 5G network itself to speed up service launch

https://www.freemalaysiatoday.com/category/nation/2021/02/22/govt-firm-to-build-5g-network-itself-to-speed-up-service-launch/

Posted by kevinobc > 2021-02-23 09:48 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/02/23/beneficiaries-of-mydigital-initiative