AmInvest Research is maintaining its overweight rating on the telecommunications sector with buy call for Telekom Malaysia.
KUALA LUMPUR: AmInvestment Research is maintaining its "overweight" rating on the telecommunications sector with a "buy" call for Telekom Malaysia (TM) which has shown significant cost improvements and poised under brighter prospects under the government’s MyDigital initiatives.
In its report on Friday, Maxis remains a "hold" at a fair CYF22 enterprise value/earnings before interest, taxation, depreciation and amortisation (EV/Ebitda) of 12 times, at parity to its three-year average of 12 times.
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