Kenanga ups Telekom’s target price

by **hlk** Thu 31 May 2012, 10:38

Kenanga Research raised its target price for state telecoms group
Telekom Malaysia Bhd to RM5.65 per share from RM5.52 after the
company’s stronger-than-expected earnings results.

“Telekom’s 1Q12 core net profit of RM183 million came in slightly
above the street and our estimate due mainly to a lower direct cost and
a lower effective tax rate,” Kenanga said in a research note on
Thursday.

Kenanga raised its estimates for Telekom’s core net profit for the
financial years 2012 to 2014 by 6-8 percent to RM722 million-RM849
million but maintained Telekom’s revenue growth estimate at 5 percent.
-- Reuters

by **Cals** Thu 31 May 2012, 18:25

5.65 TP

[You must be registered and logged in to see this link.]

Kenanga ups Telekom’s target price

Kenanga ups Telekom’s target price

Re: Kenanga ups Telekom’s target price