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NewsRHB maintains 'buy' on Time dotCom
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RHB maintains 'buy' on Time dotCom
by hlk Fri 17 May 2013, 11:57
RHB Research has maintained 'buy' call on Time dotCom after the
telecommunications company delivered within expectation first quarter
results.
"First quarter is typically a seasonally weaker quarter
and the management expects the global bandwidth sales to pick up
momentum going forward.
"We like Time for its high earnings
growth potential against a backdrop of increasing demand for bandwidth
capacity in Asia-Pacific," it said in a research note today.
The
research house said the expansion of its data centre in Kuala Lumpur
and Cyberjaya were completed in the fourth quarter last year although
contributions would require some gestation as sales would be
progressive.
The fair value for the telecommunications company remained unchanged at RM4.95.-- Bernama
telecommunications company delivered within expectation first quarter
results.
"First quarter is typically a seasonally weaker quarter
and the management expects the global bandwidth sales to pick up
momentum going forward.
"We like Time for its high earnings
growth potential against a backdrop of increasing demand for bandwidth
capacity in Asia-Pacific," it said in a research note today.
The
research house said the expansion of its data centre in Kuala Lumpur
and Cyberjaya were completed in the fourth quarter last year although
contributions would require some gestation as sales would be
progressive.
The fair value for the telecommunications company remained unchanged at RM4.95.-- Bernama
hlk- Moderator
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