12 Rabiulakhir 1433
KUALA LUMPUR, March 5 (Bernama) -- HLIB Research is maintaining its "buy call" on Time dotCom Bhd (TdC) with a some-of-parts target price of RM0.85.
In a research note Monday, the research division of Hong Leong Investment Bank Bhd said news of TdC's potential acquiree, Global Transit Ltd, signing a pact with PT PGAS Telekomunikasi Nusantara to provide bandwidth connectivity to Indonesia was a positive milestone in TdC's regional expansion plan.
It said Indonesia was one the markets in the region with the highest growth (over 30 per cent) on the back of low mobile and internet penetration rates of 62.7 per cent and 1.1 per cent respectively.
"New acquisitions, when integrated as a group will further enhance earnings due to volume synergies and the utilisation of assets at owner-cost prices," it said.
Source - BERNAMA
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