KUALA LUMPUR (April 3): Telekom Malaysia Bhd (TM) shares were on a tear, outperforming mobile operators, months before it was named in the MyDIGITAL initiative alongside three global cloud computing leaders, namely Microsoft, Amazon and Google, on Feb 19.

Though off a new all-time high in February this year, TM’s share price still tripled in just two and a half years from a decade low of RM2.02 in October 2018. If consensus forecasts of analysts polled by Bloomberg are to be believed, TM is poised to reach greater heights over the next 12 months.

Investors are likely already encouraged by TM’s recent guidance that its revenue for the financial year ending Dec 31, 2021 (FY21) is set to grow by “flat to low single digits”, while its earnings before interest and tax (EBIT) will exceed last year’s RM1.6 billion even though it is likely to invest more in infrastructure this year. TM also recently guided that its capital expenditure (capex) will be more than what it spent last year and the year before that.

A clear winner of Malaysia’s MyDIGITAL digitisation push, will anything hinder its run?

To know what TM managing director and group chief executive officer (CEO) Imri Mokhtar told The Edge in an exclusive interview, read our cover story this week by picking up a copy at news stands.

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