HWANGDBS Vickers Research has reiterated its "buy" call on telecommunication firm Telekom Malaysia (TM) (4863) with a price target of RM3.45.TM this week signed with 20 television content providers to supply IPTV content as part of its plan to offer triple play services on its HSBB (high-speed broadband) network. "We view this development positively as this would help to enhance the value proposition of its HSBB Internet service," the broker said in a March 23 report. The latest news could lend support to TM's share price, it noted, adding that the stock also offers a 6 per cent net dividend yield, which is sustainable.
TM has signed up content providers like BBC Knowledge, BBC Lifestyle, CBeebies, Channel News Asia, Star Chinese Movies 2, Star Chinese Channel, Channel [V] Taiwan, and Euronews. TM also partners with Hit Entertainment, CBS, Disney-ABC and Sony Pictures Television to offer IPTV viewers the latest movies and TV series through video-on demand."TM's HSBB can be a threat to Astro because some consumers have been unhappy with Astro's content, and they may welcome a viable alternative," the report said.
http://www.btimes.com.my/Current_News/BTIMES/articles/bv25f/Article/
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