KUALA LUMPUR: OSK Research believes Time dotCom (TDC), Malaysia's second largest fixed line telecommunication operator with a nationwide fibre optic network, is poised for stronger earnings growth ahead.
It said on'' Monday, Feb 21 that TimeCom, capitalising on its expansion into new markets, increasing data and leasing needs from enterprises and rising backhaul demand helped by the proliferation of mobile broadband.
'We have a NON RATED call on the stock. Ascribing a 18x FY12 PER multiple on its core operation, 30 sen a share for its 3.5% stake in DiGi and incorporating tax credits worth RM634 million, TimeCom is fairly valued at 95 sen,' it said.
It said on'' Monday, Feb 21 that TimeCom, capitalising on its expansion into new markets, increasing data and leasing needs from enterprises and rising backhaul demand helped by the proliferation of mobile broadband.
'We have a NON RATED call on the stock. Ascribing a 18x FY12 PER multiple on its core operation, 30 sen a share for its 3.5% stake in DiGi and incorporating tax credits worth RM634 million, TimeCom is fairly valued at 95 sen,' it said.
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