My analysis are based on technical and fundamental. It is common that the market will be "shaky" at the end of the year. We are looking for a recovery in about 35 to 40 days starting from today, and finger cross it will bounce from the first blue zone. Looking at the fundamental analysis, all 3 Quarters for 2019 showing a positive revenue and an increase of EPS from Q1 to Q2. The revenue is slightly lower in Q3, that can be because of the new government policy and initiatives of providing a lower price of telecommunication services for end-users in Malaysia. Also, looking at their unaudited report comparison of Q3 2019 and Q3 2018, we can see that the current year liability has increased at least doubled. Some of you might think that they are spending more on financing, but an increase of liability means they are paying more to facility, to increase the number of telco structures especially to widen the cellular coverage all over Malaysia including borneo(the beautiful Sabah & Sarawak).
Also, take note that the majority of the service provider in Malaysia does not own telecommunication structure assets, the licensee that has been authorized by the government owns the structures/assets, while the service provider will pay a monthly rental to the licensee to reduce their CAPEX and OPEX expenses.
Sorry for my bad english. Hope this will help. Looking forward for a brighter day in 2020.
Also, take note that the majority of the service provider in Malaysia does not own telecommunication structure assets, the licensee that has been authorized by the government owns the structures/assets, while the service provider will pay a monthly rental to the licensee to reduce their CAPEX and OPEX expenses.
Sorry for my bad english. Hope this will help. Looking forward for a brighter day in 2020.