KUALA LUMPUR: CIMB Equities Research is maintaining DiGi.Com as an Add and its top Malaysian telco pick, with likely re-rating catalysts being an earnings upgrade and positive news from its interest in a business trust structure.
It said on Friday DiGi’s FY13 core net profit beat its and consensus estimates by 5% and 4% respectively due to lower-than-expected tax arising from government incentives.
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