Stock Name: DIGI
Company Name: DIGI.COM BHD
Maxis turns up the heat a bit. Maxis' new plan is aimed at winning back market share but the challenge appears rather weak for now. However, there is a risk it may turn up the heat in future. This poses downside risk to Digi's revenue guidance, which the telco has maintained. We retain our 7% 2012 revenue growth and 4.5% net profit growth forecasts for now. Management is also signalling the way for another 8.9 sen/share in capital to be returned may not clear up for some time yet. Maintain HOLD. Our target price is based on DCF.
Maybank Research 26 March 2012
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Company Name: DIGI.COM BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 3.74 |
Maxis turns up the heat a bit. Maxis' new plan is aimed at winning back market share but the challenge appears rather weak for now. However, there is a risk it may turn up the heat in future. This poses downside risk to Digi's revenue guidance, which the telco has maintained. We retain our 7% 2012 revenue growth and 4.5% net profit growth forecasts for now. Management is also signalling the way for another 8.9 sen/share in capital to be returned may not clear up for some time yet. Maintain HOLD. Our target price is based on DCF.
Maybank Research 26 March 2012
Click here for full report
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