Company Overview and News

Streamyx issues: TM says looking forward to win-win approach with government

2018-10-16 theedgemarkets
KUALA LUMPUR (Oct 16): Telekom Malaysia Bhd (TM) said it looks forward to a collaborative win-win approach with the government to effectively address challenges faced by customers of TM's Internet service Streamyx once and for all.
4863 MYTEF

Top Glove tops Bursa gainers after EPF, KWAP ups stake

2018-10-16 theedgemarkets
KUALA LUMPUR (Oct 16): Top Glove Corp Bhd shares rose as much as 46 sen or 4.1% to RM11.68 so far today after the company said yesterday the Employees Provident Fund (EPF) and Retirement Fund (Inc) acquired Top Glove shares last week.

Affin Hwang Capital lowers target price for TM to RM2.25

2018-10-16 theedgemarkets
KUALA LUMPUR (Oct 16): Affin Hwang Capital Researhc has maintained its “Sell” rating on Telekom Malaysia Bhd (TM) at RM2.60 with a lower target price of RM2.25 (from RM3) in view of intensifying competition, declining ARPUs, weaker profitability and a rising risk premium.
4863 MYTEF

Why Telekom Malaysia lost RM12 billion in market capitalisation

2018-10-15 theedgemarkets
TELEKOM Malaysia Bhd (TM), whose share price has been on the decline since the Pakatan Harapan government took over in May, saw no respite last week. It slid further to close at RM3.08 on Friday, which translates into a year-to-date decline of 50% or a market cap loss of RM12.1 billion. Just a day before the May 9 national polls, it was trading at RM5.

Maxis wants to be price-maker

2018-10-12 theedgemarkets
KUALA LUMPUR: Maxis Bhd wants to be a price-maker in the telecommunications sector, and not a price- taker as is commonly perceived of cellular network service providers.
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Maxis wants to be price maker, not price taker, CEO says

2018-10-11 theedgemarkets
KUALA LUMPUR (Oct 11): Maxis Bhd wants to be a price maker in the telco sector, and not a price taker as is commonly perceived of cellular network service providers.
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Local market under pressure

2018-10-11 theedgemarkets
Selling pressure on the local market gained strength following a slew of announcements by the government, from greater competition in the telecommunications sector to the termination of MMC Gamuda KVMRT (T) Sdn Bhd’s contract for the mass rapid transit Line 2 (MRT2) and introduction of new taxes.

FBM KLCI sheds 39 points

Market meltdown: The benchmark FBM KLCI fell the most in nearly five months and recorded the fourth-largest intra-day decline year-to-date against the backdrop of foreign funds selling out. — AP
4863 5347 6888 TNABY AXXTF MYTEF TNABF BSMAF GEBHF 3719 1818

Bursa ends sharply lower across the board

2018-10-10 malaymail
KUALA LUMPUR, Oct 10 — Share prices ended sharply lower across the board on Bursa Malaysia today due to a mix of local and external factors as investors, among others, cautiously digested government plans to introduce new taxes to reduce its debt obligation.
4863 PBLOF 5819 7036 MYTEF 1295 BSMAF HIPEF 1818 5199

FBM KLCI down 38.97 points as new tax, sector reform uncertainties hurt sentiment

2018-10-10 theedgemarkets
KUALA LUMPUR (Oct 10): The FBM KLCI fell 38.97 points or 2.2% as anticipation that the Government will devise new taxes and sell assets to reduce debt affected market sentiment.

Axiata, TM, Genting lead decline in KLCI component stocks

2018-10-10 theedgemarkets
KUALA LUMPUR (Oct 10): Axiata Group Bhd, Telekom Malaysia Bhd (TM) and Genting Bhd were the three biggest laggards among the FBM KLCI component stocks in the afternoon session.

Perak govt to upgrade internet infrastructure

2018-10-09 malaymail
IPOH, Oct 9 — With cheaper internet packages now available, the Perak government said it will upgrade communication infrastructure facilities to boost the state broadband penetration rate statewide.
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TIME’s data centre business expected to be encouraging on continued strong demand

2018-10-09 theedgemarkets
TIME dotCom Bhd (Oct 8, RM8) Maintain buy with an unchanged target price of RM9.30: TIME dotCom Bhd has launched the lowest priced 100Mbps plan in the market at RM99 per month. This is 34% below the previous RM149 package for the same speed, and undercuts similar offerings by both Telekom Malaysia Bhd (TM) and Maxis Bhd. TIME has also unveiled a 1Gbps plan at RM199 per month, which is a first in the country, and surpasses TM’s 800Mbps plan.
4863 MYTEF

Existing customers not benefitting from lower broadband packages, said Gobind

2018-10-08 theedgemarkets
KUALA LUMPUR (Oct 8): Communications and Multimedia Minister Gobind Singh Deo said today the recent reduction of broadband prices by the telecommunications companies (telcos) doesn't apply to their existing customers.
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Gobind says to meet telcos soon to discuss newly-announced broadband packages

2018-10-08 theedgemarkets
KUALA LUMPUR (Oct 8): Communications and Multimedia Minister Gobind Singh Deo said today he will meet telco representatives soon over the newly-announced broadband packages to ensure they actually benefit subscribers.
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