KUALA LUMPUR: CIMB Equities Research is maintaining its Hold rating on DiGi as it believes the telco’s current valuations offer a fair risk-reward profile, given the possibility of more intense competition in FY15.
It said on Tuesday DiGi’s 1Q15 EBITDA fell 3.0% on-quarter (+0.7% on-year) due to lower service revenue as a result of weaker seasonality and more intense competition. The 1Q15 core net profit declined 2.8% on-quarter (+0.7% on-year) to RM485mil.
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