RM26b lost as 5G uncertainties linger

The Single Wholesale Network and Cukai Makmur are clouding telcos’ prospects, causing their market valuations to shrink. Meanwhile, Telekom Malaysia CEO Imri Mokhtar talks about how it will no longer be seen as a ‘half mobile player’ with the 5G rollout.

17/5/2022 9:05:00 AM

The Single Wholesale Network and Cukai Makmur are clouding telcos’ prospects, causing their market valuations to shrink. Meanwhile, Telekom Malaysia CEO Imri Mokhtar talks about how it will no longer be seen as a ‘half mobile player’ with the 5G rollout.

KUALA LUMPUR (May 14): Generous dividend-paying blue-chip telecommunications stocks are underperforming the bellwether FBM KLCI by a wide margin and have collectively lost some RM26 billion in market value year-to-date. The two worst-performing stocks among the four largest listed telcos are Maxis Bhd and Digi.Com Bhd, which each paid shareholders nearly all the profits earned in the financial year ended Dec 31, 2021, and are among the handful of stocks that pay dividends every quarter.Even Telekom Malaysia Bhd (TM), whose

KUALA LUMPUR (May 14): Generous dividend-paying blue-chip telecommunications stocks are underperforming the bellwether FBM KLCI by a wide margin and have collectively lost some RM26 billion in market value year-to-date. The two worst-performing stocks among the four largest listed telcos are Maxis Bhd and Digi.Com Bhd, which each paid shareholders nearly all the profits earned in the financial year ended Dec 31, 2021, and are among the handful of stocks that pay dividends every quarter.

Even Telekom Malaysia Bhd (TM), whose stock is the current favourite among most telecommunications analysts, is underperforming the bellwether index.Separately,The Edgehas spoken to TM group chief executive officer Imri Mokhtar, who talked about how it will no longer be seen as a"half mobile player" with the 5G roll-out.

Read more: The Edge Malaysia »

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