PUBLIC-LISTED communications and multimedia (C&M) companies saw their market capitalisation rise by 33.2% to RM81.1bil as at the end of 2004 from RM60.9bil in the preceding year.
The C&M sector accounted for 11.2% of Bursa Malaysia's market capitalisation of RM722bil during the period under review, the Malaysian Communications and Multimedia Commission (MCMC) said in its Market and Financial Review 2004.
“In ringgit terms, the substantial gains in market capitalisation over the year were mainly contributed by Telekom Malaysia Bhd,” the report said.
It said Telekom’s contribution to overall market capitalisation increased to 5.4% in 2004 from 4.3% in 2003.
Maxis Communications Bhd contributed 3.2% in 2004 compared with 2.9% previously, Astro All Asia Networks 1.4% (from 1.3%), DiGi Telecommunications Sdn Bhd 0.7% (from 0.4%) and Pos Malaysia Bhd 0.2% (from 0.1%).
Media Prima Bhd, which was listed in place of Sistem Televisyen Malaysia Bhd in 2003, managed to maintain its market contribution to Bursa Malaysia at 0.1% in 2004.
The bulletin said Telekom’s market capitalisation increased by 43.6% to RM39.2bil in 2004 from RM27.3bil in 2003 while Maxis went up by 24.2% to RM23.1bil last year from RM18.6bil previously.
Ringgit-wise, Telekom was the best performer, posting a gain of RM3.20 per share or 28%, but in terms of share price performance, the best gainers were Pos Malaysia and DiGi.
It said Pos Malaysia topped the list with share gain rising 74.5% to RM2.60 per share in 2004 from RM1.49 per share in 2003.
Percentage-wise, DiGi gained 72.2% to RM6.20 from RM3.60 previously while ringgit-wise it gained RM2.60 per share or 42%.
Among the top 10 heavyweights, Telekom still retained its second position, but Public Bank Bhd overtook Maxis during the last two quarters of 2004.
In terms of revenue, for the first three quarters of 2004, the overall C&M sector recorded RM18.04bil with Telekom delivering the highest turnover of RM9.79bil.
However, Telekom took a slower pace in terms of individual companies’ revenue growth, charting 13.8% rise against the previous corresponding period.
DiGi posted a sturdy growth of 32.5%, Maxis 23.7% while Astro recorded strong revenue growth of 25.3% (based on adjusted year end) on the back of higher subscription and advertising revenues.
Pos Malaysia forged ahead on positive revenue growth of 6.3% as at the end of the third quarter of 2004.
The bulletin said the aggregate C&M sector revenue for 2004 was estimated to be in the region of RM24.05bil on annualised basis.
ASTRO : [Stock Watch] [News] MAXIS : [Stock Watch] [News] MEDIA : [Stock Watch] [News] TELEKOM : [Stock Watch] [News] DIGI : [Stock Watch] [News] CELCOM : [Stock Watch] [News] POSHLDG : [Stock Watch] [News]