By Ying Xian Wong
TIME dotCom shares gained early Thursday after the company reported an 81% jump in third-quarter profit and declared a special dividend.
Shares of the Malaysian telecommunication company jumped as much as 10.7% and were recently 9.6% higher at 5.23 ringgit, bringing their year-to-date gains to about 18%.
TIME dotCom late Wednesday said its third quarter net profit rose to 106.1 million ringgit, equivalent to $25.7 million, compared with 58.7 million ringgit a year earlier, mainly driven by higher revenue and lower forex losses.
Quarterly revenue was 7.2% higher on year at 453.8 million ringgit.
TIME dotCom also declared a special interim tax-exempt dividend of 0.2164 ringgit a share for the year ending 2025. The 400.1 million ringgit payout will be made on Dec. 22.
CIMB Securities upgraded TIME dotCom's rating to buy from hold, citing the company's improved capital management.
Analyst Choong Chen Foong also sees upside from TIME's plan to optimize its balance sheet, which should lift ROE and support attractive dividend yields over the next two years.
However, Maybank Investment Bank said it expected earnings momentum to ease after 2025, with limited major re-rating catalysts.
Even so, dividend payouts were likely to remain high, and the estimated about 5.5% yield should help support downside risk, said analyst Tan Chi Wei in a note.
Write to Ying Xian Wong at yingxian.wong@wsj.com
(END) Dow Jones Newswires
November 26, 2025 20:40 ET (01:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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