Elevator Pitch
I maintain my Neutral rating on Malaysia-listed telecommunications services provider Telekom Malaysia Berhad (MYTEF) [T:MK].
This is an update of my prior article on Telekom Malaysia published on December 6, 2019. Telekom Malaysia's share price has increased by +13% from RM3.91 as of December 5, 2019, to RM4.42 as of June 10, 2020, since my last update. Telekom Malaysia trades at 6.7 times consensus forward next 12 months' EV/EBITDA versus its historical 5-year and 10-year mean consensus forward next 12 months' EV/EBITDA multiples of 6.6 times and 6.5 times, respectively. The