Stock Name: TIMECOM
Company Name: TIME DOTCOM BHD
RHB Research has maintained 'buy' call on Time dotCom after the telecommunications company delivered within expectation first quarter results.
"First quarter is typically a seasonally weaker quarter and the management expects the global bandwidth sales to pick up momentum going forward.
"We like Time for its high earnings growth potential against a backdrop of increasing demand for bandwidth capacity in Asia-Pacific," it said in a research note today.
The research house said the expansion of its data centre in Kuala Lumpur and Cyberjaya were completed in the fourth quarter last year although contributions would require some gestation as sales would be progressive.
The fair value for the telecommunications company remained unchanged at RM4.95.-- Bernama
Company Name: TIME DOTCOM BHD
| Research House: RHB | Price Call: BUY | Target Price: 4.95 |
RHB Research has maintained 'buy' call on Time dotCom after the telecommunications company delivered within expectation first quarter results.
"First quarter is typically a seasonally weaker quarter and the management expects the global bandwidth sales to pick up momentum going forward.
"We like Time for its high earnings growth potential against a backdrop of increasing demand for bandwidth capacity in Asia-Pacific," it said in a research note today.
The research house said the expansion of its data centre in Kuala Lumpur and Cyberjaya were completed in the fourth quarter last year although contributions would require some gestation as sales would be progressive.
The fair value for the telecommunications company remained unchanged at RM4.95.-- Bernama
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