Stock Name: TIMECOM
Company Name: TIME DOTCOM BHD
Research House: HLG
KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) is maintaining a Buy on Time dotCom (TdC) with a target price of 95 sen based on sum-of-parts.
It said on Monday, Jan 24 TdC is entering into a multi-year growth cycle with a high degree of operating leverage.
HLIB said TdC, by tapping into new growth areas such as global bandwidth and node fiberisation as well as proposing a series of synergistic acquisitions, the company is poised to become a regional growth telco.
'At the current price, TdC is trading at an estimated P/E of 26.5x and 20.4x for FY11 and FY12 respectively. We maintain our target price of RM0.95 based on SOP, pending the outcome of the recent proposed acquisitions and pending details on the collaboration with Astro.
Company Name: TIME DOTCOM BHD
Research House: HLG
KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) is maintaining a Buy on Time dotCom (TdC) with a target price of 95 sen based on sum-of-parts.
It said on Monday, Jan 24 TdC is entering into a multi-year growth cycle with a high degree of operating leverage.
HLIB said TdC, by tapping into new growth areas such as global bandwidth and node fiberisation as well as proposing a series of synergistic acquisitions, the company is poised to become a regional growth telco.
'At the current price, TdC is trading at an estimated P/E of 26.5x and 20.4x for FY11 and FY12 respectively. We maintain our target price of RM0.95 based on SOP, pending the outcome of the recent proposed acquisitions and pending details on the collaboration with Astro.
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