May 4, 2010

TM - TM downgraded to 'sell' at UBS

Stock Name: TM
Company Name: TELEKOM MALAYSIA BHD
Research House: OTHER

Telekom Malaysia Bhd was downgraded at UBS AG because the company's fundamentals remain "unexciting" and valuations are "stretched."

The stock was cut to "sell" from "neutral," UBS said in a report today.

The share price estimate was increased to RM3.10 from RM2.90, it said. -- Bloomberg

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