Equity Analysis /
Malaysia

MY : Telco - Overall - No sweat in hitting JENDELA targets

    Choong Chen Foong
    Choong Chen Foong

    Telecommunication Analyst

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    CGS-CIMB
    7 April 2021
    Published byCGS-CIMB

    Telcos made good progress in 1Q21 towards meeting JENDELA’s targets without any major difficulties. TM’s fibre rollout was 41% ahead of plan. MCMC plans a review of the Access List in 2H21; MSAP only in 2022. Reiterate Neutral on Malaysian telcos; top pick: TM (Add, TP: RM6.80).