Hold it!!!!!!!!! What ever market happen!!!!!!! They want to clear out all the day trader out before up!!!!!!

who is this gpacket to you? you a director? subn shareholder?

hold?
GG,com

So the deal is TM bought new share of P1
Green packet wouldn't benefit except its subsidiary P1?

Dun understand why both TM n GP both fell.... Supposedly good news, no?

This reason was given quite frequently everywhere. Question is, why need to clear out short term trader? If a counter has good potential, even intraday traders will visit everyday.

Bought a junk, sure drop lo. The junk hope to be sold at premium but didn't jadi, so also dropped lo.

HOLD IT! SHORT TRADE SEND TO HELL!

further slide today
now i am jammed huhu..

Why hold when people can sell at higher price and buy back at lower price?

YES PLS HOLD IT TILL NEXT WEEK, I HAVE LONG WAY TO UNLOAD, PLS HOLD IT TILL I FINISH UNLOADING PLS.

Support price could b @ 0.40

JUST HOLD ONLY !!!!!!!!!!! DONT ASK WHY !!!!!!!!!!! I ONLY KNOW HOW TO GO UK !!!!!!!!!!!! ROAD TO HOLLAND MAYBE YOU CAN ASK THOSE TECHNICAL PLAYER!!!!!!!

I find out you are *****!!!!!! HAHAHA!!!!!

HOLD IT!!!!!! ROAD TO UK!!!!

OIC!!!! LET SEE HOW!!!!

HOLD IT!!!!! ROAD TO UK!!!!

Ride to Ulu Klang?

for record purposes,

Maybank keeps 'hold' rating on TM
Publish date: Fri, 28 Mar 14:35
KUALA LUMPUR: Telekom Malaysia ™ is taking a serious step into wireless with the acquisition of 57 per cent stake in Packet One Networks (M) Sdn Bhd or P1 for RM350 million, albeit much lower than what the what had been reported, says Maybank Research .
"The RM350 million price which TM will pay was substantially below the RM1-2 billion range suggested by press reports. The transaction enterprise value (EV) of RM750 million is fair in our view, as earnings before interest, taxes, depreciation, and amortisation (EBITDA) has been rising from a low base. "TM's cash outlay for this deal could total RM1.55 billion, likely over the next four years. With RM3.1 billion of cash at hand at December 2013, funding is not an issue. This transaction is not likely to affect TM's dividend policy. However, a special dividend now seems unlikely in 2014.

"We are maintaining TM's earnings forecasts, HOLD rating, and target price at MYR5.90 pending deal completion which is likely in third quarter of 2014," Maybank said in its research note.

According to Maybank, TM clearly harbours serious wireless aspirations, and this could have ramifications for the cellular majors. "For now, management emphasised that the focus was more on service convergence on TM's part, rather than competing directly against cellular majors." Maybank noted that plans are underway for a RM1.65 billion nationwide rollout of Long Term Evolution (LTE) within the next five years. "TM will take a 57 per cent stake in P1 for RM350 million via new share issuance by P1 while Green Packet and Korea's SK Telecom will hold the remaining 30 per cent and 13 per cent stake respectively." According to Maybank, TM will also subscribe to RM210 million of exchangeable bonds issued by Green Packet that is exchangeable into P1 shares. "TM, Green Packet and SK Telecom have committed to take up a RM1.65 billion convertible bond issue by P1 in future for the LTE rollout in the ratio of 60:25:15."

CIMB said this implied a hefty EV/EBITDA of 24 times (based on its subscriber base now) and that the acquisition price suggested that P1’s subscriber base would grow fourfold to 1.8 million, to reach a reasonable EV/EBITDA of 5.9 times.

“We think that it will be a stretch for P1 to achieve 1.8 million subscribers as Celcom, the largest wireless broadband operator in the country, only has 1.2 million users,” it added.