Stock Name: TM
Company Name: TELEKOM MALAYSIA BHD
Research House: OSK
Company Name: TELEKOM MALAYSIA BHD
Research House: OSK
OSK Research has maintained its "neutral" call on Telekom Malaysia Bhd, based on a target price of RM3.50.
In a note today, OSK said although TM's mobile virtual network operator (MNVO) arrangement with Celcom Axiata would transform it into a quad play operator, the contribution to revenue is expected to not be significant.
This is given the saturating mobile landscape and extremely competitive market condition.
It also said the telecommunications company faces rising competitive risk from Time dotCom, which also vying to expand its share of the wholesale space. -- Bernama
In a note today, OSK said although TM's mobile virtual network operator (MNVO) arrangement with Celcom Axiata would transform it into a quad play operator, the contribution to revenue is expected to not be significant.
This is given the saturating mobile landscape and extremely competitive market condition.
It also said the telecommunications company faces rising competitive risk from Time dotCom, which also vying to expand its share of the wholesale space. -- Bernama
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