AS TIME dotcom (TIMECOM) progressively expands its network to serve SDU landed homes, it aims to target both greenfield and brownfield developments.
“In our view, competition in greenfield residential areas tends to be a more level playing field, as no single provider enjoys a significant first-mover advantage,” said Kenanga.
In contrast, brownfield markets are likely more challenging due to the difficulty of displacing incumbent providers, coupled with delays caused by existing customer contract lock-ins.
Kenanga notes that the retail landscape remains disciplined, with peers maintaining headline pricing for nationwide fixed broadband (BB) plans to preserve ARPUs.
However, to defend market share, competitors have adopted a more targeted, “guerrilla-style” approach, focusing on localized areas where competition is heated.
This includes on-the-ground tactics such as setting up pop-up booths in selected neighbourhoods to offer rebates and promotional deals.
While competitors aggressively push converged plans, TIMECOM remains comfortable staying as a pure-play fiber provider.
However, over the longer term, TIMECOM is optimistic about bundling renewable energy services into a converged package.
TCNG currently operates c.180 AC charging sites across high-rise residential developments and high-occupancy office buildings.
Looking ahead, TIMECOM aims to scale its EV charging network to 2,500 sites.
“We believe the group may leverage on its established relationships with building managers and residents to improve the efficiency of this rollout,” said Kenanga.
These relations were built over prior years through TIMECOM’s extensive fiber network deployment across MDUs in the Klang Valley.
“We favour TIMECOM underpinned by its ability to leverage on growing enterprise demand for bandwidth services at co-location hyperscale DCs,” said Kenanga.
Also, it is exposed to the AIMS’ regional expansion into markets with rising demand amid tightening domestic data residency regulations.
Further note its potential for higher dividends supported by balance sheet optimization and modest capex needs.
This is not to forget TIMECOM’s resilient retail ARPUs and sustained subscriber net adds momentum driven by network coverage expansion.
“Maintain Outperform,” said Kenanga. —May 13, 2026
Main image: Time dotCom Bhd
