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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Telekom Malaysia    TM   MYL4863OO006

TELEKOM MALAYSIA

(TM)
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Malaysia Reverses Decision on Awarding 5G Spectrum

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06/03/2020 | 05:53am EDT

By Chester Tay

Malaysia's government canceled the award of 5G network spectrum for the 700 MHz, 900 MHz and 2600 MHz band frequencies to five local telecommunication companies.

Communication and Multimedia Minister Saifuddin Abdullah said Wednesday that the cancellation was due to technical and regulatory issues.

Mr. Saifuddin said that in order to ensure a transparent process in awarding these spectrums, he directed the chairman of the Malaysian Communications and Multimedia Commission to cancel an earlier ministerial directive for the allocation and review the decision.

Mr. Saifuddin on May 15 signed a directive to award these spectrum bands to Telekom Malaysia Bhd., DiGi.Com Bhd., Maxis Bhd., Axiata Group Bhd. and Altel Communications Sdn. Bhd.

However, the moved raised questions on whether the award was done through open tender or direct negotiation.

 

Write to Chester Tay at chester.tay@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -2.99% 21.12 Delayed Quote.284.00%
AXIATA GROUP 0.00% 2.72 End-of-day quote.-34.30%
DIGI.COM 1.51% 4.04 End-of-day quote.-9.42%
JUST GROUP PLC 1.74% 44.48 Delayed Quote.-43.70%
MAXIS 0.81% 4.96 End-of-day quote.-6.77%
TELEKOM MALAYSIA 1.19% 4.25 End-of-day quote.11.26%
WILL GROUP, INC. 2.10% 877 End-of-day quote.-29.95%
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Financials
Sales 2020 10 906 M 2 634 M 2 634 M
Net income 2020 915 M 221 M 221 M
Net Debt 2020 4 678 M 1 130 M 1 130 M
P/E ratio 2020 17,5x
Yield 2020 3,01%
Capitalization 16 038 M 3 873 M 3 873 M
EV / Sales 2020 1,90x
EV / Sales 2021 1,84x
Nbr of Employees 22 000
Free-Float 60,1%
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Technical analysis trends TELEKOM MALAYSIA
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 4,49 MYR
Last Close Price 4,25 MYR
Spread / Highest target 34,1%
Spread / Average Target 5,70%
Spread / Lowest Target -27,1%
EPS Revisions
Managers
NameTitle
Imri Mokhtar Group Chief Executive Officer & Managing Director
Mohammed Bakke bin Salleh Non-Independent Non-Executive Chairman
Razidan Ghazalli Group Chief Financial Officer
M. Umapathy Sivan Chief Information Officer
Badarudin Mansoor Chief Information Security Officer
Sector and Competitors
1st jan.Capitalization (M$)
TELEKOM MALAYSIA11.26%3 820
VERIZON COMMUNICATIONS INC.-6.68%240 214
CHARTER COMMUNICATIONS, INC.30.68%129 890
NIPPON TELEGRAPH AND TELEPHONE CORPORATION-19.11%79 100
DEUTSCHE TELEKOM AG-4.26%78 012
SAUDI TELECOM COMPANY2.55%55 455