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OSK Research 'neutral' on telco sector
by hlk Wed 20 Apr 2011, 21:40
OSK Research has maintained a "neutral" call on the telecommunications
sector, as well as Telekom Malaysia Bhd (TM) and Maxis Bhd, with a
future value of RM3.50 and RM5.20 respectively.
The research
house expects TM's Internet Protocol television (IPTV) service, Unifi,
to be profitable only in financial year 2012 while Maxis previously
indicated that it saw the 'inflection point' of the service with 500,000
subscribers.
"We note that TM's Unifi has captured over 60,000
customers since March last year and is available in 80,000 homes," OSK
Research said in a note today.
It said the IPTV battle became
increasingly vigorous with Astro inking a 10- year contract with
Timedotcom to rollout its IPTV, capitalising on the latter’s fibre
network, while Maxis recently launched its IPTV service on TM''s high
speed broadband. -- Bernama
sector, as well as Telekom Malaysia Bhd (TM) and Maxis Bhd, with a
future value of RM3.50 and RM5.20 respectively.
The research
house expects TM's Internet Protocol television (IPTV) service, Unifi,
to be profitable only in financial year 2012 while Maxis previously
indicated that it saw the 'inflection point' of the service with 500,000
subscribers.
"We note that TM's Unifi has captured over 60,000
customers since March last year and is available in 80,000 homes," OSK
Research said in a note today.
It said the IPTV battle became
increasingly vigorous with Astro inking a 10- year contract with
Timedotcom to rollout its IPTV, capitalising on the latter’s fibre
network, while Maxis recently launched its IPTV service on TM''s high
speed broadband. -- Bernama
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