Telekom Malaysia (TM) announced accelerated plans for its fibre and 5G infrastructure deployment. This news pushed its share price up 1.8% to RM5.70, as analysts maintained 'Buy' ratings citing strong long-term growth prospects.
Telekom Malaysia Bhd (TM) shares saw strong trading momentum on Friday, gaining 10 sen to close at RM5.70. The positive sentiment stems from the company's continued commitment to 5G infrastructure, particularly under the National Digital Network (JENDELA) initiative. Analysts noted that TM's dual role in both wholesale and retail segments positions it well to capture rising data demands. Despite increasing competition from other telcos, TM is projected to achieve robust earnings growth for FY2026, driven by stable performance in its Unifi business and expansion of enterprise services.
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