TdC disposed all the remaining Digi shares, and plan to use the proceed of RM307.2 million as working capital, not special dividend. The gain of RM157.4 million will be added in the P/L statement (of FY2016), according to the announcement in Bursa. Thus, no more Digi shares to (artificially) raise profit in the future.
I hope submarine cable business will be successful soon anyway.
FASTER, the TIME’s second trans-Pacific submarine cable investment in partnership with Google, became fully operational on 30 June 2016, through which the company realised a gain of RM4.8 million from pre-sale activities. In addition, the Asia-Pacific Gateway (APG) cable system, connecting Malaysia to Korea and Japan, is expected to commence operations in the later part of this year. http://www.malaysianwireless.com/2016/08/time-group-q2-2016-financial-results/
data center + broadband which offers the fastest Internet speed of 500Mbps in Malaysia for home + FASTER, the TIME’s second trans-Pacific submarine cable investment in partnership with Google
Time commander-in-chief Afzal Abdul Rahim said the investment in Symphony was part of its regionalisation strategy to invest in telecommunications and data centre businesses across Asean.
TIME said it has received a statement of support from existing shareholders of Symphony, who hold about 47% of the shares. The funds raised in the rights offering will be used to expand and strengthen Symphony’s nationwide fibre optic network and launch new products and services.
Symphony is a founding consortium member of the Malaysia-Cambodia-Thailand submarine cable system, which is expected to enter service within the coming months and TIME’s investment in Symphony is part of its regionalisation strategy. http://www.thesundaily.my/news/2186236
Time has started making profit overseas. That has started boosting the company's growth rate. Current P/ E is too low. It does not match the company expected growth rate.
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....
Pakcik Saham
394 posts
Posted by Pakcik Saham > 2016-01-17 10:37 | Report Abuse
EV/EBITDA=7.73 < 8,P/E ration 9 <10, EPS =83.66, DY, 11, ROE 23%, Current Ratio= 1.70 Good FA ( Can Fly High for long term)