Published: 2010/04/02
As long as TM introduces an entry-level package beginning from a touch below RM150 per month, HSBB stands a great chance of being a success, says Maybank Investment
Maybank Investment Bank upgraded its recommendation on Telekom Malaysia (TM) (4863) shares to "buy", after the state-owned fixed-line operator launched its high-speed broadband (HSBB) services with attractive pricing.
Maybank IB, in its research report, has also raised the target price of TM from RM3.50 to RM3.86, as it raised long-term growth assumptions.
TM is offering HSBB services which starts from RM149 a month for a 5Mbps Internet broadband bundled with pay-TV and fixed voice services.
"This is within our expectations. As long as TM introduces an entry-level package beginning from a touch below RM150 per month, HSBB stands a great chance of being a success," it said.
http://www.btimes.com.my/Current_News/BTIMES/articles/bvtelekomf/Article/index_html
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