Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: OSK
Company Name: AXIATA GROUP BERHAD
Research House: OSK
The launch of the iPhone should strengthen Celcom Axiata Bhd's portfolio of smartphones with longer-term upside seen via improved data revenue, market share gains and lower churn rate, says OSK Research.
In a research note today, it said Celcom was targeting to boost its smartphone penetration from its current subscriber base of 20 per cent to 30 per cent by year-end.
"We understand that circa 23 per cent of DiGi and over 30 per cent of Maxis's subscribers are users of smartphones.
"The latter has much higher proportion of smartphones on its network as it was the first to roll out the iPhone in early 2009, followed by DiGi in March last year," OSK added.
Meanwhile, OSK maintained a "buy" recommendation on Celcom at fair value RM5.83.
"We believe the market may have overreacted to uncertainties and concerns over the exorbitant spectrum renewal fee proposed by the telecoms regulator in Bangladesh," it said.
As the telco sector is a major driver for foreign direct investment in Bangladesh, OSK is of the opinion that rationality would prevail in the setting up of a fair licence renewal fee for mobile operators. -- Bernama
In a research note today, it said Celcom was targeting to boost its smartphone penetration from its current subscriber base of 20 per cent to 30 per cent by year-end.
"We understand that circa 23 per cent of DiGi and over 30 per cent of Maxis's subscribers are users of smartphones.
"The latter has much higher proportion of smartphones on its network as it was the first to roll out the iPhone in early 2009, followed by DiGi in March last year," OSK added.
Meanwhile, OSK maintained a "buy" recommendation on Celcom at fair value RM5.83.
"We believe the market may have overreacted to uncertainties and concerns over the exorbitant spectrum renewal fee proposed by the telecoms regulator in Bangladesh," it said.
As the telco sector is a major driver for foreign direct investment in Bangladesh, OSK is of the opinion that rationality would prevail in the setting up of a fair licence renewal fee for mobile operators. -- Bernama
No comments:
Post a Comment