Telekom Malaysia Stands to Benefit From Malaysia's Data-Center Boom -- Market Talk

Dow Jones06-21

0212 GMT - Telekom Malaysia looks set to benefit from Malaysia's data-center boom, and its robust free cash flow generation provides sufficient room for higher dividends or new projects in future, Maybank IB analyst Tan Chi Wei says in a note. The telco giant and Singtel's recent joint venture to develop data centers in Johor highlights connectivity as a key selling point, leveraging Singtel unit Nxera's significant presence in Singapore, he says. Maybank raises Telekom's target price to MYR7.50 from MYR6.80 to mirror the optimistic outlook regarding data connectivity due to increasing data centers. The bank maintains a buy rating on the stock, which is last at MYR6.68. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

June 20, 2024 22:12 ET (02:12 GMT)

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Maybank raises Telekom's target price to MYR7.50 from MYR6.80 to mirror the optimistic outlook regarding data connectivity due to increasing data centers. The bank maintains a buy rating on the stock, which is last at MYR6.68. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 20, 2024 22:12 ET (02:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Telekom Malaysia Stands to Benefit From Malaysia's Data-Center Boom -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTelekom Malaysia Stands to Benefit From Malaysia's Data-Center Boom -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-21 10:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0212 GMT - Telekom Malaysia looks set to benefit from Malaysia's data-center boom, and its robust free cash flow generation provides sufficient room for higher dividends or new projects in future, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0414403682.SGD","symbol_name":"Blackrock Asia Pacific Equity Income A5 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2445082792","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445082792","pubTimestamp":1718935920,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0212 GMT - Telekom Malaysia looks set to benefit from Malaysia's data-center boom, and its robust free cash flow generation provides sufficient room for higher dividends or new projects in future, Maybank IB analyst Tan Chi Wei says in a note. 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The telco giant and Singtel's recent joint venture to develop data centers in Johor highlights connectivity as a key selling point, leveraging Singtel unit Nxera's significant presence in Singapore, he says. Maybank raises Telekom's target price to MYR7.50 from MYR6.80 to mirror the optimistic outlook regarding data connectivity due to increasing data centers. The bank maintains a buy rating on the stock, which is last at MYR6.68. 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