Telekom Malaysia: 13.3x FY25F P/E and 3.9% FY24F dividend yield attractive
Minichart
September 16, 2024
Telekom Malaysia Upgrade cycle to continue We raise our FY24F/25F/26F core net profits by 3.3%/1.1%/1.7% post 2Q24 results, leaving us at 104%/115%/122% of Bloomberg consensus estimates. Despite increased competition in retail broadband, we see...