Stock Name: TIMECOM
Company Name: TIME DOTCOM BHD
Time dotCom Bhd's (TdC) share rose four sen to RM3.40 as at 11.45 am today on news that it has invested RM100 million to
create the TIME Fibre 100 megabits per second (mbps) Home Broadband.
Its Chief Executive Officer Afzal Abdul Rahim said TIME's 100 per cent fibre optic network would reach some 100,000 homes in the Klang Valley and Penang.
HLIB Research said: "We're slightly positive with TdC's approach in enlarging its presence in the consumer segment by offering undeniably the fastest fibre broadband in the market."
"Enticing the market with this new product will improve asset utilisation rate and hence the return on asset.
"We believe this product will be very appealing to high-end heavy duty users, especially existing Astro over-the-air subscribers," it said in a research note.
The research house said compared to TM's UniFi VIP20 bundle (package with highest speed at 20 megabytes per second, the monthly fee is RM70 cheaper and switchers would enjoy RM1,180 savings (after deducting RM500 termination cost) over the two-year contract period.
"This product is also better in monetising the data trend and upholding fair usage policy by imposing 100 gigabyte load quota, sufficient to accommodate normal usage while deterring bandwidth hoggers," it added.
HLIB Research reiterates "buy" call on TdC's shares with an unchanged RM4.12 target price. -- Bernama
Company Name: TIME DOTCOM BHD
| Research House: HLG | Price Call: BUY | Target Price: 4.12 |
Time dotCom Bhd's (TdC) share rose four sen to RM3.40 as at 11.45 am today on news that it has invested RM100 million to
create the TIME Fibre 100 megabits per second (mbps) Home Broadband.
Its Chief Executive Officer Afzal Abdul Rahim said TIME's 100 per cent fibre optic network would reach some 100,000 homes in the Klang Valley and Penang.
HLIB Research said: "We're slightly positive with TdC's approach in enlarging its presence in the consumer segment by offering undeniably the fastest fibre broadband in the market."
"Enticing the market with this new product will improve asset utilisation rate and hence the return on asset.
"We believe this product will be very appealing to high-end heavy duty users, especially existing Astro over-the-air subscribers," it said in a research note.
The research house said compared to TM's UniFi VIP20 bundle (package with highest speed at 20 megabytes per second, the monthly fee is RM70 cheaper and switchers would enjoy RM1,180 savings (after deducting RM500 termination cost) over the two-year contract period.
"This product is also better in monetising the data trend and upholding fair usage policy by imposing 100 gigabyte load quota, sufficient to accommodate normal usage while deterring bandwidth hoggers," it added.
HLIB Research reiterates "buy" call on TdC's shares with an unchanged RM4.12 target price. -- Bernama
Yes, this is good stock to buy these days, you should have to invest your money in these stocks.
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