A woman walks past a logo display of Telekom Malaysia at its office in Cyberjaya, outside Kuala Lumpur May 16, 2006. — Reuters pic
Kenanga Investment Bank in a research note today said TM's first half financial year 2019 core profit after tax and minority interest of RM523.2 million made up 62 per cent and 60 per cent of the investment bank and consensus full-year estimates. “This could sufficiently buffer top-line challenges with pressure to provide more accessible products to the broader consumer market,”it said.
Meanwhile, it said the recent Cabinet decision to approve the RM21.6 billion national fiberisation and connectivity plan over a five-year period beginning this year, would require the participation of TM though the potential economic returns from the project is likely to be low.
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