20 sen special dividends amid gearing
CIMB Securities suggests that Telekom Malaysia may offer significant special dividends between 2026 and 2028 as it adjusts its capital structure. The analysis also notes a cautious investor outlook on CelcomDigi pending cost-saving targets.
Why it matters
Offers financial analysis on major telecommunications players in Malaysia, impacting investor strategy and market expectations.
BURSA SGX Home Sector Focus Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Aug 10): Telekom Malaysia Bhd (KL: TM ) may be able to pay special dividends of between 12 and 20 sen in the financial year ending Dec 31, 2026 (FY2026) to FY2028, amid its plan to gear up over the next two to three years.
"We believe many investors have yet to consider the potential share buy-backs and special dividends arising from TM’s plan to gear up to a gross debt-to-earnings ratio of 1.5 times over the next two to three years,” said CIMB Securities.
CIMB Securities cited its preference for Telekom in the sector, underpinned by an April revision of dividend payout policy to at least 75% from 40-60% previously.
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