Elevator Pitch
Malaysia-listed telecommunications services provider Telekom Malaysia Berhad (OTC:MYTEF) [T:MK] has provided clarity on its mobile plans recently, suggesting that it intends to become the national 5G infrastructure provider, providing mobile operators with wholesale wired and wireless services, rather than competing with existing mobile operators by building a new mobile network.
Telekom Malaysia trades at 6.0 times consensus forward next twelve months EV/EBITDA, which is at a discount to its historical five-year average forward EV/EBITDA of approximately 7 times. The stock also offers a consensus forward FY2020 dividend yield of 3.1%.
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