Stock Name: TM
Company Name: TELEKOM MALAYSIA BHD
Keep on the BUY side, target raised. TM continued to please shareholders. 2011 results were in line with expectations, as recurring net profit rose 12.6% YoY. In addition, it proposed a 30sen/share capital distribution, the second such exercise in two years, on top of a 9.8sen single-tier final dividend. With Unifi continuing to sizzle, we maintain BUY on TM with a raised target price of RM5.52.
Maybank Research 27 Feb 2012
Click here for full report
Company Name: TELEKOM MALAYSIA BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 5.52 |
Keep on the BUY side, target raised. TM continued to please shareholders. 2011 results were in line with expectations, as recurring net profit rose 12.6% YoY. In addition, it proposed a 30sen/share capital distribution, the second such exercise in two years, on top of a 9.8sen single-tier final dividend. With Unifi continuing to sizzle, we maintain BUY on TM with a raised target price of RM5.52.
Maybank Research 27 Feb 2012
Click here for full report
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