The big names like TMUS/Verizon in telecommunication sector of US are seeing some movements.

$MAXIS / 6012 (MAXIS BERHAD) moved ahead of CDB & $AXIATA / 6888 (AXIATA GROUP BERHAD), is telecom back as a defensive rotation amidst recession fear?

Plus, 5G is another overlooked strength of Malaysia when it comes to data Center/AI. The utilization is getting higher and rating of 5G is globally recognised. Alongside with the exemption of undersea cable repair works, it is sort of resounding how telecommunication works is also at the core of attracting big tech like MSFT to Malaysia, other than the cheap lands and energy generation reasons.

If we give a bit more far fetched imagination, the realisation of AI adoption by end user in terms of automated driving, smart city etc, needs a low latency network.

Data centre & AI
1. Land to build by property counters ✅
2. Energy by $TENAGA / 5347 (TENAGA NASIONAL BHD) ✅
3. 5G? 🤔

Of course, this is very forward looking thoughts that may take year if not longer. Just a food for thought. I’m keeping an close eye on the telecom names till next year