Research houses mixed on TM’s earnings forecast for FY2023

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KUALA LUMPUR, March 1 ― Research houses have recalibrated Telekom Malaysia Bhd's (TM) earnings projections amid their mixed views on its financial year 2023 and 2024...

KUALA LUMPUR, March 1 ― Research houses have recalibrated Telekom Malaysia Bhd's earnings projections amid their mixed views on its financial year 2023 and 2024 performance.

It said TM’s FY2022 bottom line jump of 30 per cent year-on-year to RM1.5 billion exceeded expectations. However, it has revised TM's target price to RM6.60 from RM7.10 to account for the greater-than-expected price cut in the Mandatory Standard on Access Pricing review. '’We believe the impact of lower ARPU would be partly offset by a higher customer base given more affordable broadband prices.

 

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