Call for TM to adjust balance sheet due to cash buildup
PETALING JAYA: Telekom Malaysia Bhd’s (TM) net debt to earnings before interest, tax, depreciation and amortisation (Ebitda) may fall to 0.4 times for the financial year 2025 (FY25) and 0.2 times by FY26 unless excess cash is returned to shareholders, says CGS-CIMB Research.