CIMB Research: Telekom Malaysia's P1 stake buy 'pricey'


PETALING JAYA: Telekom Malaysia Bhd’s (TM) acquisition of a 57% controlling stake in Packet One Networks (M) Sdn Bhd (P1) is a good idea but “pricey and requires hefty future investment”, said CIMB Research.

The research house advised investors to take profit on the recent surge in TM’s share price and news of this expensive acquisition.

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Business , CIMB , TM , P1

   

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