PETALING JAYA: Telekom Malaysia Bhd
(TM) is expected to see earnings growth from its unifi and Internet revenues, as well as cost savings moving forward, according to RHB Research.
TM remains a key beneficiary of the infrastructure roll-out, under the national digital infrastructure plan (Jendela).
The research unit said strong unifi net additions are expected to continue in 2021 and 2022 due to higher fibre broadband subscriptions from extended work and study-from-home arrangements, the aggressive targets for fibre premises passed under Jendela, and the ongoing conversion of Streamyx customers to fibre, with the impact from the September 2019 re-pricing behind TM.
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