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Stock With Momentum: Time Dotcom
by Cals Sat 05 Dec 2015, 00:05
Stock With Momentum: Time Dotcom
By Asia Analytica / The Edge Financial Daily | December 4, 2015 : 10:32 AM MYTThis article first appeared in The Edge Financial Daily, on December 4, 2015.
Time Dotcom Bhd (+ve)
Shares of [size=16]Time Dotcom (Time) ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.70) (Fundamental: 2.7/3, Valuation: 2.4/3) saw a surge in trading interest yesterday, despite the absence of new material announcement. Nevertheless, the stock closed down 0.6% to RM6.96.
Last Thursday, Time announced its 3Q2015 earnings results. Revenue grew 15.1% y-y to RM173.4 million while net profit jumped 18.1% to RM59.0 million, boosted by higher forex gains of RM19.0 million.
In July, Time paid a special dividend of 73.5 sen for 2015, amounting to RM423.1 million, after disposing of 68.7 million shares in Digi.Com Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 1.35) for RM423.9 million.
Kuala Lumpur-based Time is a data-centric telecommunications and solutions provider, with business reach across the Asia-Pacific region. The company focuses mainly on the business segment — wholesale, enterprise, government and SME — with core products such as data, internet, voice and managed services. In 2014, domestic operations contributed 92.3% of its revenue.
The stock trades at a trailing 12-month P/E of 8.4 times and 2.0 times book.
[You must be registered and logged in to see this image.]
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