Telekom Malaysia Berhad (OTCMKTS:MYTEF) Trading 12.4% Higher – Still a Buy?

Shares of Telekom Malaysia Berhad (OTCMKTS:MYTEF) were up 12.4% on Thursday . The company traded as high as $2.00 and last traded at $2.00. Approximately 1,000 shares were traded during trading, an increase of 900% from the average daily volume of 100 shares. The stock had previously closed at $1.78.

Telekom Malaysia Berhad Stock Performance

The firm’s 50 day simple moving average is $1.82 and its 200-day simple moving average is $1.82.

Telekom Malaysia Berhad (OTCMKTS:MYTEF) last posted its earnings results on Thursday, May 21st. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $723.70 million for the quarter, compared to analyst estimates of $728.02 million.

Telekom Malaysia Berhad Company Profile

Telekom Malaysia Berhad (OTCMKTS:MYTEF) is Malaysia’s leading integrated telecommunications service provider, offering a comprehensive range of fixed line, broadband and data services to both consumer and enterprise customers. Through its extensive national fiber-optic network, the company delivers high-speed internet under the unifi brand, fixed-line voice services, and managed data solutions tailored to the needs of individuals, small businesses and large corporations. Telecom Malaysia’s infrastructure spans metropolitan and rural areas, supporting digital inclusion initiatives and driving nationwide connectivity.

In addition to consumer broadband and telephony, Telekom Malaysia has expanded its portfolio to include ICT solutions such as cloud computing, cybersecurity, Internet of Things (IoT) platforms and smart-city applications.