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Bursa Malaysia ended the morning trading session lower on Wednesday (April 19), weighed down by persistent selling pressure, ahead of the long break for the Hari Raya Aidilfitri celebration, a dealer said. The FBM KLCI opened 0.79 point weaker at 1,431.57, its highest so far in the day, and subsequently moved to a low of 1,425.24.
PETALING JAYA: A second 5G network may lead to lower access charges and translate into better earnings for telecommunication companies (telcos).
KUALA LUMPUR, April 17 — Kenanga Research has maintained an “overweight” stance on the telecommunications sector amid news that the government may introduce a second 5G...
PETALING JAYA: Bursa Malaysia ended trading lower yesterday in tandem with the heavy selldown in regional bourses.
RHB Investment Bank Bhd has maintained it “neutral” stance on the telecommunications (telco) sector, naming Telekom Malaysia Bhd (TM) and OCK Group Bhd as its top picks. The research house has “buy” calls for both stocks, with a target price of RM6.20 for TM, and 60 sen for OCK, according to a note it released on Tuesday (March 21).