Friday 26 Apr 2024
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KUALA LUMPUR (April 9): UOB Kay Hian analyst Chong Lee Len upgraded the recommendation on Telekom Malaysia Bhd to buy from hold.

* Price target (PT) set to RM5.80, implies 8.6% increase. Telekom Malaysia average PT is RM6.66

* Telekom Malaysia had 14 buys, 12 holds, 1 sell previously

* Analysts lowered their consensus one-year target price for the stock by 2.4 percent in the past three months. Forecasts range from RM4.99 to RM7.90.

Performance Metrics

* Investors who followed UOB Kay Hian's recommendation would have received a negative 0.3 percent return in the past year, compared with the negative 13 percent return on the shares.

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