May 24, 2011

TM - Telekom Malaysia upgraded at CIMB

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

Telekom Malaysia Bhd was raised to “outperform” from “neutral” at CIMB Investment Bank Bhd, which cited strong demand for the company’s high-speed broadband business.

The share price estimate was increased to RM5.10 from RM4.04, Kelvin Goh, a Kuala Lumpur-based analyst at CIMB, wrote in a report today. -- Bloomberg

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