A clear winner in the country’s MyDIGITAL digitisation push, Telekom Malaysia Bhd’s share price hit a new all-time-high of RM6.62 on Feb 9, beating the previous record of RM6.45 in May 2015. Telekom’s revenue fell 5.2% y-o-y to RM10.84 billion in FY2020, within its guidance of a low- to mid-single-digit decline. And couple that with the continuous momentum of the cost optimisation, we do look at a healthy Ebit [that is] more than last year’s RM1.6 billion,” Imri says. “Even if it is a flat year, it would be a five percentage point improvement from minus 5% last year. He also declined to project how Telekom’s revenue and earnings mix are poised to change with the impending changes.

Source: The Edge Markets April 15, 2021 06:11 UTC