Normalisation of low expenses to benefit CelcomDigi

CIMB Research said it expects further stabilisation in CelcomDigi’s prepaid subscriber base in 4Q24.

PETALING JAYA: Benefits from gross synergies at CelcomDigi Bhd could largely be offset by a normalisation of other expenses which was abnormally low previously, says CIMB Research.

The research house is expecting the telecommunications provider to register flat core net profit (CNP) in the group’s upcoming fourth quarter of financial year 2024 (4Q24) results.