Showing posts with label TM. Show all posts
Showing posts with label TM. Show all posts

Saturday, March 22, 2014

Is TM a wireless giant in the making?

From Star Online: Business
22nd March 2014

The ongoing speculation that Telekom Malaysia Bhd (TM) will be involved in a merger and acquisition (M&A) deal with Packet One Networks (M) Sdn Bhd (P1) gives rise to an interesting proposition - could a new wireless giant be created?
While details on the actual deal structure are scant for now, insiders point to one end result if it goes through: TM and P1 will collaborate to target the wireless broadband market and that TM, which has the much larger balance sheet, will eventually assume control over the new entity.
Spectrum wise, there is a fit between what the two companies would bring to the joint venture.
Spectrum basically refers to a range of radio frequencies. The bandwidth of a radio signal is the difference between the upper and lower frequencies of the signal. A spectrum belongs to a specific operator. Only that particular telco can operate in that space. Also to be noted is that lower frequency bands have a wider range of coverage but have smaller capacity in terms of the amount of data or voice signals that can be carried. On the flip side, higher frequency bands have capacities to carry 4G type services but have a lower range of coverage.
PI currently owns valuable swathes of spectrum in the 2.3GHz and 2.6GHz bands whereas TM has some spectrum in the much lower bands, namely 450MHz and 850MHz. (See table). Notes an analyst: “A collaboration could create a very powerful player given the combined low and high-frequency bands they have that can provide for superior coverage and capacity. Of course it is left to be seen if they can successfully derive the synergies”.
Another analyst says: “We view the move as positive to TM since this gives it the opportunity to complement its fixed broadband services with a wireless platform.”

Thursday, May 31, 2012

TM’s Q1 net profit rises on growth across key products


By Star Online: Business
31 May 2012

KUALA LUMPUR: Telekom Malaysia Bhd’s (TM’s) year-on-year (y-o-y) first quarter net profit for the period ended March 31 surged 53.5% to RM250.63mil from RM163.31mil on the back of revenues rising by 11% to RM2.38bil.
“The growth was mainly attributed to positive growth across all key products – internet and multimedia, data, voice and other telecommunication related services,” TM said in a statement.
Earnings before interest, tax, depreciation and amortisation grew by 7.1% y-o-y from RM730.9mil in the first quarter of FY2011 to RM782.6mil in the first quarter of FY2012 attributable to higher operating revenue.
Group profit after tax and minority interest rose 53.5% y-o-y to RM250.6mil compared with RM163.3mil in the corresponding quarter in 2011 due to higher revenue and higher unrealised forex gain on US dollar debt.
“In the first quarter, we saw our internet revenue grow to RM563.4mil, representing a 24.3% y-o-y growth on the back of an 11.4% increase in customers for both Streamyx and UniFi. Collectively, our broadband customer base grew to 1.97 million in the first quarter of 2012 from 1.77 million in the same period last year,” said chief executive officer Datuk Seri Zamzamzairani Mohd Isa.
“UniFi continued to perform above our expectations in the first quarter of 2012. In terms of coverage, we rolled out to 1.2 million premises covering 78 exchange areas. In terms of take-up, we had activated 315,745 customers, which represents a net addition of 33.5% or 79,244 customers quarter-on-quarter or more than 250,000 customers y-o-y,” he said.
TM expects UniFi customers to achieve at least 400,000 by the end of 2012 with the number of premises passed increasing by 200,000 to reach 1.34 million.
TM plans to tap on the new growth area of information and communications technology / business process outsourcing (ICT/BPO) regionally, said Zamzamzairani.
“Our emphasis on a new growth area for TM is ICT/BPO, and we are poised to tap into this growing sector with our offerings in areas such as cloud computing and managed services. In fact, leveraging on the foundation we have laid with our regional connectivity and capabilities, we recently launched our first regional data centre facility in Hong Kong,” he said.
“This is in line with the group’s aspiration to be a regional ICT/BPO powerhouse via our ICT/BPO arm, VADS Bhd,” Zamzamzairani added.

Monday, April 9, 2012

GAMUDA, TM

GAMUDA- MRT Works Ready to Roll

By OSK Research
9 Apr 2012


BUY. All in, we are positive on the progress of the rollout and expect an acceleration in the award of contracts
in the coming months, with MMC-Gamuda perfecting its role as the caretaker of the elevated portion of the
SBK line. Hence, we maintain our BUY call on Gamuda with an unchanged FV of RM4.58, based on SOP
valuation. Moving forward, we expect more developments on the RM8bn Gemas-Johor Bahru Electrified
Double Tracking project to unfold, and which Gamuda is likely to bid  for in partnership with China Railway
Construction Corp come 3Q12. At the same time, we believe the current positive sentiment on the whole 
construction sector is set to continue, driven by rising news flow on the proposed Lines 2 and 3 of the KV
MRT project.


Price- RM3.59
Fair Value- RM4.58


[Source]