0828 GMT - Telekom Malaysia is expected to post stronger earnings in 2H thanks to better revenue contributions from two of its business segments, says CIMB Securities' Foong Choong Chen. The analyst expects delayed projects to be completed in 2H, boosting the telecom firm's enterprise and government arm TM One. Revenue at wholesale segment TM Global should likewise get a lift from capacity upgrades on subsea cables, which will let the company capture revenue from international bandwidth deals, Chen adds. The brokerage firm forecasts that Telekom Malaysia's core EPS will grow 7.0% and 2.7% on year in 2025 and 2026, respectively. It maintains a buy rating on the stock with a MYR7.55 target. Shares last around MYR6.92. (jason.chau@wsj.com)
(END) Dow Jones Newswires
September 02, 2025 04:28 ET (08:28 GMT)
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