Kuala lumpur: Telekom Malaysia Bhd’s (TM) share price surged in the early trade on Tuesday after posting an encouraging third quarter (3Q) result, driven by growth in data services and data centres amid positive outlook. At 11.18 am, TM share price rose 15 sen or 2.07 per cent to RM7.40 per share, with 2.03 million shares changing hands.

According to BERNAMA News Agency, the group posted a higher net profit of RM686.27 million in 3Q 2025, compared to RM465.04 million in 3Q 2024, while revenue also increased by 2.6 per cent to RM2.99 billion from RM2.92 billion previously.

In a note, Public Investment Bank Bhd stated that the telecommunication giant is expected to continue to benefit from 5G deployment as well as the growing data centre industry in Malaysia. “The group remains on track to become a digital powerhouse by 2030, with each business segment driving its strategic aspiration,” the bank noted.

The note also highlighted that TM Global is anticipated to be a key pillar of growth, given the country’s expansion of network infrastructure, broadband, and international bandwidth to position itself as a digital hub for the region. Public Investment Bank Bhd is maintaining its ‘outperform’ call on the group, reflecting its positive outlook for TM’s future performance.