Interest on TIME dotCom doubles

SHARE price for telco, Time dotCom Bhd rose 3% in morning trade with transaction volume doubling its comparable average.

As at 11.30am, Time dotCom counter increased to RM5.47 from RM5.31, with more than 78,000 shares traded, double the 20-day average of 37,096 shares for daily trade of the same timing.

The stock was the best performer among its peers, gaining 0.6% in the past five days and 7.3% in the past month.

For the full 52 weeks prior, Time dotCom advanced a respectable 26% against the backdrop of a declining 7.2% full stock exchange loss.

The stock trades at 24 times its estimated earnings per share for the coming year while the company itself is priced at 3.4 times book value.

Time dotCom’s dividend yield is 5.4% on a trailing 12-month basis.

Analysts’ consensus had a price target of RM5.58 for Time dotCom, with six buy recommendations, three hold and no sell. – TMR / pic TMR File