KUALA LUMPUR: CIMB Equities Research is maintaining its Add for DiGi and its top Malaysian telco pick, with likely rerating catalysts being stronger-than-peers earnings growth over the next three years, and potential set-up of a business trust structure.
To recap, CIMB Research said DiGi’s service revenue growth in 3Q14 slowed further to 2.0% on-year (1Q14: 5.3%, 2Q14: 2.8%) due to the more competitive market, as well as challenges from DiGi’s migration to its new converged billing platform.
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