SINGAPORE (June 7): Telekom Malaysia rises as much as 7%, most since Dec 22, after the company confirmed Mohammed Shazalli Ramly has resigned as group chief executive officer, just over a year after he joined the state-linked phone carrier.
* RHB analyst Jeffrey Tan doesn’t foresee any material shift in the company’s “convergence strategy” for now
* Telekom Malaysia shares fell 41% this year as of June 6 close