AmInvestment retains ‘buy’ call on TM, notes incoming chairman Azlan’s extensive experience | Malay Mail

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KUALA LUMPUR, July 13 ― AmInvestment Bank Bhd is maintaining its “buy” call on Telekom Malaysia Bhd (TM) following yesterday’s announcement of Datuk Mohammed Azlan Hashim’s appointment as the telecommunications provider’s chairman effective August 1, 2021. Azlan, 64, has extensive...

KUALA LUMPUR, July 13 ― AmInvestment Bank Bhd is maintaining its “buy” call on Telekom Malaysia Bhd following yesterday’s announcement of Datuk Mohammed Azlan Hashim’s appointment as the telecommunications provider’s chairman effective August 1, 2021.

Azlan is also currently the chairman of several public listed companies, including D&O Green Technologies, Marine & General, and IHH Healthcare. AmInvestment Bank noted that under Imri’s direction, TM generated substantive cost savings as operating expenses for the financial year ended December 31, 2020 , declined by 6.7 per cent year-on-year.

 

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