Malaysia Mobile Telcos Likely to Benefit From Easing Competition -- Market Talk

0917 GMT - CIMB Securities turns more positive on Malaysia's mobile telecom operators, as competition improves and valuations become more attractive. Industry mobile revenue could grow 2%-3% annually in 2026-2027, the strongest pace since 2013, as pricing competition eases, analyst Choong Chen Foong says in a note. That should help offset the earnings impact from Malaysia's state-backed 5G infrastructure firm Digital Nasional's losses, which mobile operators are expected to recognize under equity accounting, he notes. CIMB maintains an overweight rating on Malaysian telco sector, pegging Telekom Malaysia as top pick, citing potential share buybacks and special dividends under its capital optimisation plan. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 05:17 ET (09:17 GMT)