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[公司专区] 6947 DIGI 數碼電訊

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发表于 2010-10-5 00:40 | 显示全部楼层
马股看来似乎很容易被操纵!

http://www2.orientaldaily.com.my ... ILm1Eet0SUj0Szn5R5V
東方新聞網:: 財經新聞 ::
臨尾急挫3.58令吉 數碼網絡寫11年最大跌幅

(吉隆坡4日訊) ...
peng2b 发表于 2010-10-4 23:27


不怪的啦,害我的期货亏损,原来要吃我们买long的人,真的很奸

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发表于 2010-10-5 18:55 | 显示全部楼层
數碼電訊坐雲霄飛車
股價反敗為勝漲RM3.80


報導:葉愛雲
(吉隆坡5日訊)昨日收盤前10分鐘,數碼電訊(DIGI,6947,主要板基建)股價毫無預警急挫約15%,市場措手不及,在投資者仍驚魂未定時,今日甫開市又戲劇性回彈16%。

昨日閉市前,數碼電訊突如其來猛挫,直落十大下跌股榜首,並拖累富馬隆綜指收市前命運出現大逆轉,全日造好的馬股慘遭滑鐵盧,閉市反跌4.05點報1462.27點。

分析員認為,數碼電訊大跌或是大馬交易所的交易系統出現故障所致,惟馬交所力后來證實交易系統未有異狀,並確定所有交易無誤。

今早,數碼電訊直接挑高3.36令吉或16%,以24.36令吉報開,早盤漲17%至24.36令吉,休市報24.46令吉,漲3.46令吉。

僑豐投資研究報告指出,昨日最后一分鐘的減持現象顯然是套利良機。數碼電訊將在10月26日公佈第三季財報,料面對更明顯的賺幅壓力。

導因是智能手機的手機補貼高企,加上近期新推介的“上帝手機”iPhone 4。

然而,數碼電訊相信仍能透過營運開銷控制,以在2010財年節省約1億至1.2億令吉的開銷,進而維持利息、稅務、折舊與攤銷前盈利(EBITDA)。

早前,數碼電訊推出全新低價啟用配套,用戶只需支付10.80令吉就可取得8令吉的通話時間。

長期而言,數碼電訊與天地通亞通(Celcom Axiata)共同探討共享基建計劃,獲券商看好可締造雙贏。

僑豐投資研究維持數碼電訊的“中立”評級,目標價格24.40令吉。

閉市時,數碼電訊收24.80令吉,激漲3.80令吉,成交量27萬2700股。


http://www.chinapress.com.my/content_new.asp?dt=2010-10-06&sec=business&art=1006bs02.txt

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发表于 2010-10-5 20:52 | 显示全部楼层
DiGi drives FBM KLCI to higher close

KUALA LUMPUR:  DiGi.com’s share price helped propel the FBM KLCI to close nearly 10 points higher on Tuesday, Oct 6 following a rebound after the sharp fall in its share price the previous day.

The FBM KLCI closed 0.68% or 9.92 points higher at 1,472.19, lifted by the strong recovery in the share price of DiGi and key blue chips.

Volume was 985.74 million shares valued at RM1.51 billion. Losers led gainers by 411 to 319 while 290 counters traded unchanged.

DiGi, which had fallen 14.5% the previous day, rose RM3.80 to RM24.80, adding 7.15 points to the 30-stock index.

Among the gainers were Hong Leong Financial Group, up 24 sen to RM9.12, Hong Leong Bank rose 12 sen to RM9.15, Petronas Gas gained 10 sen to RM10.94, Genting Malaysia and AMMB added seven sen each to RM3.53 and RM5.92 while Maybank added four sen to RM8.94.

Among the losers, Rock Chemical Industries and Chin Teck fell 18 sen each to RM1.62 and RM8.20, Perstima lost 16 sen to RM4.84, Cahya Mata Sarawak fell 12 sen to RM2.82, Kossan down 11 sen to RM3.09 while Masterskill and Hua Yang lost 10 sen each RM3.21 and RM1.15.

Meanwhile, Malaysian Genomics Resource Bhd had a dismal first trading day on the ACE Market when it fell 12.96% or 14 sen to 94 sen at the close with 6.3 million shares traded.

http://www.theedgemalaysia.com/b ... o-higher-close.html

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发表于 2010-10-5 23:10 | 显示全部楼层
週一暴跌週二急漲 
數碼網絡虛驚一場


(吉隆坡5日訊)昨日在閉市前10分鐘急挫3.58令吉或15%的數碼網絡(DIGI,6947,主板基建股),在今日甫開市就回升3.36令吉或16%,至24.36令吉,引領馬股重返1470點,同時也讓虎視眈眈欲撿「便宜貨」的投資者落空。

數碼網絡昨日在閉市前10分鐘突然大跌15%,拖累馬股由升轉跌,投資者也冀望能趁今早開市以低價購入數碼網絡;然而,他們的希望最終落空,因為該股早盤開市,以24.36令吉開跑,收復昨日臨尾重挫的失地。

隨後,該股一度漲3.66令吉或17.4%,至24.66令吉早盤最高水平;早盤休市時,該股稍微收窄漲幅,以24.46令吉結束交易,早盤漲3.46令吉或16.5%。

午盤開市,該股進一步走高,一度漲3.96令吉或18.9%,至24.96令吉全天最高水平;惟閉市時收窄漲幅,以24.80令吉掛收,全天起3.80令吉或18.1%,是全場上漲幅度最大的股項。

值得一提的是,數碼網絡帶動富時大馬綜指重返1470點關卡,以1472.19點掛收,全天漲9.92點或0.68%,而其中的7.15點貢獻則來自數碼網絡。

疑交易錯誤導致挫跌

儘管如此,數碼網絡在今日的交投維持低迷,全天只有27萬2700股易手,稍微高於昨日的16萬4000股。

無論如何,僑豐投資銀行分析員對數碼網絡保持正面的看法,並指出,該股在昨日最後10分鐘挫跌,或許是出現交易錯誤;然而,大馬交易所已經宣稱數碼網絡昨日最後10分鐘的交易有效。

另一方面,針對數碼網絡新推出的預付配套(即零售價為10.80令吉,內附價值8令吉的通話時間),分析員表示,該個配套相信將為數碼網絡挽回在過去兩季下跌的預付服務的趨勢。

此外,分析員也不排除天地通和明訊(MAXIS,6012,主板貿服股)會推出更具競爭性的配套以反擊數碼網絡。

第三季營運成本改善

分析員表示,數碼網絡營運成本節省預料在2010財政年第三季進一步改善,以達到該集團設定的節省1億至2億令吉目標,這將能緩衝該集團為客戶提供的精明手機津貼,包括近期推出的iPhone4。

有鑑於此,分析員稍微調整對該集團扣除利息、稅項、折舊及攤銷前盈利(EBITDA)賺幅預測。其2010財年扣除利息、稅項、折舊及攤銷前盈利賺幅為43.5%,至於2010財政年上半年和2009財政年的賺幅,分別為44和42.8%。

基於數碼網絡與天地通建議合作共享平台,這將在未來有助於提高數碼網絡的賺幅。預計該集團2010財政年第三季業績將在本月26日出爐。

分析員認為,帶動該股股價上揚的催化劑,主要來自勝於預期的業績表現以及資本管理。分析員維持數碼網絡「中和」投資建議,以及24.24令吉的目標價格。

http://www2.orientaldaily.com.my ... DAT19w90oc00O316Aal

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发表于 2010-10-15 10:14 | 显示全部楼层
AmResearch reaffirms Hold on DiGi

UALA LUMPUR: AmResearch reaffirms its HOLD on DIGI.COM BHD [], pending the release of its 3Q10 results at the end of the month.

Its fair value of RM22.60 a share – based on a DCF valuation method – hinges on its mobile broadband and the iPhone to drive revenue generation.

“We are looking at a net profit for the quarter in the range of RM270mil to RM275mil, or 34.7sen/share to 35.3sen/share, making our full-year expectation of RM1.05bil or 135.5sen/share. DiGi posted a net profit of RM556mil (71.6sen/share) in 1HFY10,” it said on Friday, Oct 15.

AmResearch said at the topline, it expects the strength to spill over to the 4QFY10, following what it believes has been a strong response to the iPhone 4 launch.

It said 3QFY10 lacked any exciting development to have a significant jump from the previous quarter. Revenue should register around RM1.29bil to RM1.3bil (to reach our full-year expectation of RM5.07bil).

http://www.theedgemalaysia.com/b ... s-hold-on-digi.html

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发表于 2010-10-26 16:54 | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2010

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2010
30/09/2009
30/09/2010
30/09/2009
$$'000
$$'000
$$'000
$$'000
1Revenue
1,351,341
1,238,766
3,976,795
3,661,953
2Profit/(loss) before tax
390,444
333,181
1,146,939
1,029,580
3Profit/(loss) for the period
289,314
244,085
845,978
753,991
4Profit/(loss) attributable to ordinary equity holders of the parent
289,314
244,085
845,978
753,991
5Basic earnings/(loss) per share (Subunit)
37.20
31.40
108.80
97.00
6Proposed/Declared dividend per share (Subunit)
50.00
75.00
120.00
124.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.8000
1.9600

Remarks :
The Board of Directors has declared a third interim dividend of 50 sen single-tier exempt dividend per ordinary share of 10 sen each for the financial year ending 31 December 2010.

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发表于 2010-10-26 19:07 | 显示全部楼层
首9個月淨賺8.45億
數碼電訊中期派息50仙


(吉隆坡26日訊)截至今年9月30日,數碼電訊(DIGI,6947,主要板基建)首9個月淨利按年成長12%至8億4597.8萬令吉,並宣佈中期派息每股50仙。

據該公司向馬證交所報備文告指出,該公司營業額首9個月按年增加8.6%至39億7680萬令吉。

截至9月30日,第三季度營業額按季則揚9%至13億5134萬令吉;淨利按季則大漲18.5%至2億8931萬令吉。

數碼電訊說,此次業績報捷,主要受智慧型手機業務帶動。

目前,該公司的3G網絡覆蓋範圍及高速傳輸設施(HSPA)已延伸至11個主要城市,所以大馬流動互聯網(Mobile Internet)及寬頻領域增長10.4%及國內的400萬名網絡用戶數量皆讓該公司能從中受惠。

http://www.chinapress.com.my/content_new.asp?dt=2010-10-27&sec=business&art=1027bs05.txt

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发表于 2010-10-26 21:19 | 显示全部楼层
DiGi 3Q earnings up 18.5% to RM289.3m

KUALA LUMPUR: DIGI.COM BHD [] posted net profit of RM289.31 million in the third quarter ended Sept 30, 2010, an increase of 18.5% from RM244.08 million a year ago.

DiGi said on Tuesday, Oct 26 that revenue rose 9% to RM1.351 billion from RM1.238 billion. Earnings per share were 37.2 sen versus 31.4 sen. It declared an interim dividend of 50 sen per share.

"The board of directors has declared a third interim dividend of 50 sen single-tier exempt dividend per ordinary share of 10 sen each for the financial year ending Dec 31, 2010," it said.

DiGi said the higher revenue was largely driven by higher data revenues supported by the smart phone portfolio and bundling, on the back of a wider 3G/HSPA network which now covers 11 key market centers in Malaysia.

Chief executive officer Henrik Clausen said: “For the third quarter specifically, we managed to achieve good revenue performance, largely driven by double digit growth in mobile broadband and mobile internet, as reflected in the 10.4% increase in data revenue, stimulated by a larger base of over 4.0 million Internet users.”

http://www.theedgemalaysia.com/b ... 185-to-rm2893m.html

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发表于 2010-10-27 16:39 | 显示全部楼层
DiGi advances after RHB Research maintains Outperform call

KUALA LUMPUR: DIGI.COM BHD [] shares advanced on Wednesday, Oct 27 after RHB Research maintained its Outperform call on the stock with a DCF-derived fair value of RM26.35.

At 9.20am, DiGi was up 12 sen to RM24.78.

RHB Research said DiGi's net profit came in within its and consensus estimates at 77%-78% of full year estimates.

Revenue was up 1.2% on-quarter, and would have been higher at 3.5% if not for RM30m lost due to lower mobile termination rates. The lower mobile termination rates effective July 2010 caused postpaid and prepaid Average Revenue Per Minute (ARPM) to dip marginally on-quarter.

"Overall net additions' momentum slowed down in 3Q10, adding only 142k subscribers (2Q10: +158,000). Ebitda margins improved 0.6 basis points on-quarter to 43.9% as DiGi replaced upfront handset subsidies with monthly discounts on contracts," it said.

http://www.theedgemalaysia.com/b ... utperform-call.html

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发表于 2010-10-27 20:06 | 显示全部楼层
財報亮眼帶動
數碼電訊勁揚34仙

(吉隆坡27日訊)數碼電訊(DIGI,6947,主要板基建)業績報捷,今日股價勁揚12仙至24.78令吉,成為早盤上升股之一。
休市時,該股延續12仙漲幅,交投達7萬2000股。

午盤時,數碼電訊繼續走高,一度攀升44仙挂25.10令吉,該股閉市報25令吉,起34仙,交投43萬4300股。

隨著智能手機需求大增,加上與天地通設施共享計劃細節將揭盅,大部分券商均看好數碼電訊獲利前景。

該公司首9個月淨賺8.45億,該公司同時宣佈中期派息50仙,一向被認為是市場派息王的數碼電訊,全年累積派息將達1.20令吉。

MIDF證券研究預計數碼電訊派息回酬將達6.1%,高派息將使該股繼續成為投資者的“心水股”。

數碼電訊補貼策略改變,從手機補貼轉向合約制月費補貼,是使該公司第三季錄得佳績的主因。

門檻工程強調的加強國內通訊網絡,將繼續催化通訊資料領域,尤其是4G通訊領域成長,數碼電訊接下來將大幅投資在網絡擴展上,特別是3G網絡覆蓋範圍及高速傳輸設施方面。

http://www.chinapress.com.my/content_new.asp?dt=2010-10-28&sec=business&art=1028bs06.txt

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发表于 2010-11-22 17:34 | 显示全部楼层
DiGi skids in thin trade

KUALA LUMPUR: DIGI.COM BHD [] share prices skidded in early trade on Monday, Nov 22 on concerns of stiffening competition from the launch of YTL Group’s 4G mobile broadband services last Friday.

At 9.24am, DiGi was down 58 sen to RM25.05 with 1,000 shares done.

The FBM KLCI rose 2.88 points to 1,508.93. Turnover was 94.39 million shares done valued at RM71.21 million. Gainers beat losers 201 to 78.

OSK Research said on Monday,  the entry of YTL Communication will raise the competition in the telco sector by several notches given the more attractive price points and the innovative bundling incentives on data/SMS.

The research house said YTL Communications benefits from the strong financial backing and support of YTL Power and its entry is likely to further marginalize the smaller WiMAX operators whose network rollout and subscriber growth remains patchy to date.

“Overall, we feel that YTL Communications’ entry could potentially instigate a price war over the medium term as its headline tariffs are 44%-75% below the incumbents. We are not overly concerned over the impact on mobile broadband providers as YES’ effective tariffs are consistent with regular offerings in the market and are likely to appeal to light data users although it could up the ante on broadband access prices,” it said.

OSK Research said its top pick for exposure to the sector remains AXIATA (BUY, TP: RM5.50), the only Malaysian telco that offers regional exposure to mitigate the rising competitive pressure domestically. It maintained its NEUTRAL recommendations on DiGi (TP: RM24.40), TM (TP: RM3.28) and Maxis (TP: RM5.40).

http://www.theedgemalaysia.com/b ... -in-thin-trade.html

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 楼主| 发表于 2010-12-5 18:42 | 显示全部楼层
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发表于 2010-12-7 14:05 | 显示全部楼层
更新: December 7, 2010 00:13

與U Mobile終止漫遊合約
數碼電訊一度受挫
(吉隆坡6日訊)數碼電訊(DIGI,6947,主要板基建)與U Mobile終止本地漫遊協定,早盤時股價滑落至7週新低,但股價午盤時止跌回彈。

該股今早一度下挫42仙或1.7%至24.38令吉,休市時跌幅收窄至14仙報24.66令吉,為10月12日來新低,共29萬1100股易手。

數碼電訊在午盤一洗頹勢,股價節節回揚,閉市卻平盤報24.80令吉,交投42萬2800股。

ECM證券研究報告指出,隨著U Mobile在今年9月初宣布與天地通亞通(Celcom Axiata)延長額外三年的本地漫遊協定后,與數碼電訊的合約終止並未令業界感到意外。

該機構認為,由于流動虛擬網絡(簡稱MVNO)業者如U Mobile對數碼電訊的盈利貢獻並不顯著,即便雙方終止合約,也不會對數碼電訊盈利帶來太大衝擊,因此,對該公司盈利預測維持不變。

數碼電訊也在提呈予馬證交所的報備文件中指出,與U Mobile的合約終止不會對公司的盈利、每股淨資產值及負債帶來任何影響。

該機構給予數碼電訊“持有”投資評級,目標價格為23.20令吉。

http://www.chinapress.com.my/con ... mp;art=1207bs08.txt

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发表于 2010-12-15 19:41 | 显示全部楼层
無線固線業者紛結盟‧電訊業掀合作風

    * 大馬財經
    * 業績評論

2010-12-15 19:19

(吉隆坡15日訊)數碼網絡(DIGI, 6947, 主板基建計劃組)與明訊(MAXIS, 6012, 主板貿服組)不約而同各與時光網(TIMECOM, 5031, 主板基建計劃組)及馬電訊(TM, 4863, 主板貿服組)簽署合作協議,分析員認為這是電訊業掀起合作風潮的前奏,相信未來無線及固定網絡業者之間將出現更多的潛在合作計劃。

同時,這也宣告數據時代的來臨,流動電話業者必須加強數據供應,以迎合日益成長的數據寬頻流量需求,打入家庭網絡從而緩和流動電訊更激烈競爭的挑戰。

兩方合作陸續有來

數碼網絡與時光網簽署為期10年的寬頻流量收購合約及進行相關的維修與支援工程,合約值1億3千900萬令吉;而明訊則與馬電訊簽署高速寬頻(HSBB)服務合約,前者將獲提供網絡聯繫,服務範疇達70萬個家庭以上,並放眼2012年杪達到130萬戶家庭。

豐隆研究指出,未來流動電訊業者和固線業者的合作會增加,而這兩方面增加盈能力都有幫助,以推出覆蓋率更高的產品和服務,並降低中長期的干擾。

其實早在2008年,數碼網絡已開始與時光網探討外包部份網絡維修工作予後者,光纖基建將增強數碼網絡的網絡及流量,以迎合未來流動頻譜需求增加。

有助簡化數碼網絡營運

大馬研究指出,作為光纖無線網絡的零售提供者,時光網是攫取這項“任務”的最佳人選。

豐隆指出,這項協議有助簡化數碼網絡的營運,未來可專注推行更多手機數據服務,並享有成本節約利好,帶來較好的賺幅及盈利。




手機通訊市場飽和
明訊轉向家庭網絡


至於明訊與馬電訊的合作,MIDF研究表示,由於手機通訊業務已趨向飽和,達106%,其中明訊寫下40%市佔率,因此明訊才決定轉向家庭網絡服務發展。

“YES”加劇手機網絡競爭“再加上楊忠禮電力(YTLPOWR, 6742, 主板基建計劃組)的‘YES’服務推出,手機網絡的競爭將更為激烈。”

MIDF研究預期潛在的盈利貢獻只會在2012財政年顯現,而2011財政年則料取得3%至4%成長。

明訊將藉這項合作推出以家庭為主的網絡服務,包括網絡電視、視頻點播、固定網絡、遠距離視頻及電子保健。該公司管理層認真看待有關服務,預定在網絡測試完成後,將推出家庭網絡服務。

興業研究指出,明訊的網絡電視內容是關鍵因素,以和馬電訊作出區分,而明訊很可能會透過姊妹公司ASTRO,取得一些獨家性節目轉播,如英超聯賽等。

益資利研究表示,一旦明訊成為綜合性網絡提供者,相信將可以較長的合約期限鎖定客戶,避免流失率增加。

短期仍面臨成本壓力

大馬研究指出,明訊短期內仍將面臨些許成本壓力,因在高速寬頻的供應協議下,闡明該公司須設有本身的增值服務,在新業務模式下,起初須砸下龐大資本開銷。

大馬研究表示,這項合作並不會侵蝕馬電訊擁有的潛在用戶,因高速寬頻網絡擁有非常大的容量,此舉只不過是將“剩餘”的容量來讓其他公司受惠,而且馬電訊與明訊的用戶群不同,前者主要針對大眾市場,而後者則以高階層人士為主。

豐隆認為,未來明訊的資本開銷需求將走低,而管理層之前透露,今年的資本開銷為14億令吉,並認為明年也會不相上下,但興業研究預測是13億令吉。

馬電訊未來可攫取同樣合約

益資利表示,對於馬電訊而言,終於可以開始讓旗下的高速寬頻資產攫取收益,未來有望攫取相似的合約。

星洲日報/財經‧2010.12.15

http://biz.sinchew-i.com/node/41976

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发表于 2010-12-21 20:20 | 显示全部楼层
DiGi data for the future

DiGi.Com Bhd
(Dec 20, RM24.70)

Maintain buy at RM24.60 with target price of RM27: It was reported yesterday that DiGi is planning to spend RM700 million on capex in FY2011. This is similar to the estimated capex spent in FY2010.

However, for FY2011, the capex will be more skewed towards enhancing data and internet services.

We are not surprised with the RM700 million capex for FY2011 as it is in line with our estimates. Also, we had expected that FY2011 capex spending would be more towards rolling out its 3G/HSPA network as we expect data to be its key driver for growth in FY2011.

To recap, Digi’s 3Q2010 revenue grew strongly (+9.1% year-on-year) due to the strong increase in data revenue, which grew by 25.3% y-o-y to RM241 million. For 9MFY2010, data revenue grew by 16.2% y-o-y to RM838 million, contributing 21.1% to total revenue.

In comparison, 9MFY2009 data revenue contributed 19.7% to total revenue. The strong growth in data revenue was driven by the increasing popularity of smart phones. Management estimates that 50% of new subscriptions was for smartphones.

We are not surprised that DiGi is aiming to grow its data and mobile internet given that the market for voice is already saturated in Malaysia, with a mobile penetration rate of more than 106%. We expect that data will be a key driver for growth, increasing its contribution to 24% of FY2011 total revenue.

We also believe that the market for mobile internet is big enough since the individual broadband penetration rate is 11.4% as at October, (the current household broadband penetration rate is more than 55%). We expect an increasing trend of households, especially urban households, owning more than one mobile internet device.

We maintain our “buy” recommendation for DiGi as we believe data revenue has the potential to grow further.

We believe its consistently above-market dividend yield will enhance the attractiveness of the stock. We expect its dividend yield to reach 6.1%, based on the current price in FY2010. Our target price of RM27 is based on the discounted dividend model.

With an estimated long-term dividend payout ratio of 80%, beta of 0.38 (Source: Bloomberg), Bursa Malaysia market return rate of 8.74% (Source: Bloomberg) and MGS risk-free rate of 3.82% (Source: Bloomberg) — MIDF Research, Dec 20

http://www.theedgemalaysia.com/i ... or-the-future-.html

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发表于 2011-1-4 23:29 | 显示全部楼层
數碼網絡受看好跑贏同行

(吉隆坡4日訊)在市場對寬頻強勁的需求,及管理層放眼營業額表現持續超越同行,數碼網絡(DIGI,6947,主板基建股)繼續成為分析員的首選通訊股。

艾芬投資銀行分析員指出,由於該公司的營業額增長以及未計算利息、稅項、折舊及攤銷之盈利(EBITDA)賺幅保持在43.7%,因此,分析員估計其2011財政年每股盈利(EPS)將成長6%。

同時,分析員認為,數碼網絡2011財政年的營業額成長動力,將由兩大推手所主導。

第一,手機網絡和寬頻成長帶動數據營業額提高。數據營業額在2010財政年第三季寫下3億零200萬令吉,並且佔了該集團總營業額的23%份額;09年則是19.7%。

這主要是因為智能手機激增(數碼網絡20%的用戶是智能手機的用戶,並且在增長中),以及3G覆蓋率擴大所帶動(預期在2011年杪達到覆蓋65%人口的目標,在2010年杪則是50%)。

此外,3G覆蓋率擴大將會是數據需求和每用戶收入(APRU)走高潛能的主要催化劑。

第二,數碼網絡也著重馬來年輕人作為市場對象,這是該公司首次開拓新市場的行動。該市場已經成為數碼網絡的主幹,因此,這將會讓該公司在這新的市場再現成功。這個市場較少競爭對手,但是卻能夠從中取得相同的回酬。

主要風險為市場削價

儘管如此,該股所面對的主要風險依然是市場削價求售的不理智行為。無論如何,分析員估計,2011年的情況將不會太糟。

此外,制度變化的風險將會持續打擊賺幅表現。其中一個不穩定的現象是,新加坡和大馬之間的漫遊收費降低的可能性。然而,由於漫遊收費估計只是佔了該公司營業額少過10%份額,所以相信對淨利的衝擊不大。

另外,儘管寬頻網絡分配較平均將有益於數碼網絡,但是估計900兆赫頻譜重新遷置計劃為該公司帶來的風險有限。

整體而言,該公司調整評級的催化劑是高於預測的寬頻需求。同時,管理層也表示,手機寬頻的賺幅良好。此外,該公司預測將會從與天地通(Celcom)的網絡合作節省成本,包括積極分享營運和維修,以及共享通訊塔。

因此,該公司仍是分析員在2011年首選的通訊股。同時,他們維持該股投資評級為「增持」,目標價格則是27.15令吉。

http://www2.orientaldaily.com.my ... tn908nc1aXF04OC5T50

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发表于 2011-1-14 22:16 | 显示全部楼层
DiGi.Com submits detailed biz plan to MCMC for spectrum in 2600MHz band

KUALA LUMPUR: DIGI.COM BHD [] has moved closer to its proposal to provide mobile broadband services after it submitted its detailed business plan to the Malaysian Communications and Multimedia Commission (MCMC) on Friday, Jan 14.

Its unit DiGi Telecommunications Sdn Bhd had submitted the plan to the MCMC as part of its application for a spectrum in the 2600MHz band, which is essentially for 4G.

"This is pursuant to MCMC’s offer to award 20MHz of this spectrum via apparatus assignment subject to DiGi submitting a suitable business plan," it said.

DiGi said on the 2600MHz spectrum would enable it to provide enhanced mobile broadband services to its customers.

"By utilising long term evolution TECHNOLOGY [], customers/end users will be able to benefit from improved user experience from both higher data speeds and improved service quality," it said.

According to MCMC, the apparatus assignment is an assignment issued to a person or a company who intend to use or operate telecommunication apparatus in a specific frequency band.

http://www.theedgemalaysia.com/b ... n-2600mhz-band.html

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发表于 2011-1-24 14:03 | 显示全部楼层
Celcom-DiGi tie-up the first of many to come

KUALA LUMPUR: The long-term collaboration between Axiata Group Bhd and DiGi.Com Bhd is expected to be the first of more network sharing agreements, according to analysts.

“This kind of partnership will have implications for the long-term. Although competition has intensified in the sector, the players are slowly starting to recognise the benefits of collaborating on each other’s infrastructure. Not only does it lessen operating expenditure, it also allows a faster time to market, which is crucial,” says an industry observer.

According to reports, the tie-up between Axiata’s Celcom and DiGi would result in cash savings of over RM2.2 billion in the next 10 years. This finalisation of the agreement, from when the memorandum of understanding was first signed in October, put to rest fears that the deal would fall through with both telcos not being able to agree on the terms.

Under the agreement, both parties will collaborate on sites, access transmission, aggregate transmission and trunk fibre transmission. By 2015, the number of sites for consolidation and upgrading would increase to 4,000.

“Incremental savings are expected as early as 2012, which will gradually ramp up to an average annual combined savings of RM150 million to RM250 million after 2015,” said OSK Research.

Both Axiata and DiGi have seen their share prices perform favourably this week.

Axiata started the week on a high, closing at its 32-month high of RM4.92 on Monday, according to data services.

It closed at RM4.89 on Wednesday. The majority of analysts have a “buy” call on Axiata, with target prices ranging from RM5.20 to RM6.25.

DiGi’s share price started out the week at RM25.30 and then subsequently rose 1.1% to close at RM25.58 on Wednesday.

Analyst views on the country’s third largest telco are decidedly mixed, with an equal number of “hold” and “buy” calls on the counter, with fair values ranging from RM26.35 to RM27.50.

While most analysts are expecting this deal to have a bigger impact on DiGi, most still await the company’s fourth quarter results that are due in the coming weeks.

“We estimate savings of RM50 million to RM130 million between 2012 and 2015, or 5% to 13% of the combined net profit of Celcom and DiGi. We believe the savings in terms of opex would be more apparent for DiGi given that network cost constitutes 12% of DiGi’s revenue versus 10% for Celcom,” said OSK.

However, the implications from the tie-up go beyond just the savings in numbers. Already Maxis Bhd has signed an agreement with Telekom (M) Bhd to lease some of its high-speed broadband network.

For Axiata, the company has not turned down the notion of more co-investments in backhaul and then outsourcing its network maintenance function in the longer term, according to OSK.

“A directional trend for the group would be the sharing of towers, which has been successfully executed by 65.6%-owned XL Axiata,” said OSK.

Ultimately, it could translate into better service for customers as more opt for data heavy services given the increase proliferation of smartphones and other devices. The big three telcos as well as the other players have been relentless in their pursuit for spectrum as the traffic starts to pick up.

“The last allocation for spectrum by the Malaysian Communications and Multimedia Commission (MCMC) was back in October and that was for the 2600 MHz band, or better known as 4G. Other than that, there is still other spectrum, which has yet to be decided how it will be parcelled out,” says an industry player.

DiGi submitted a detailed business plan to MCMC in early January on its 2600 MHz application.

Other companies that had received the spectrum included Celcom, Maxis, U-Mobile, YTL, Packet One, Asiaspace, Redtone and privately held Puncak Semangat.

At the moment, companies such as P1, which is under listed Green Packet Bhd, are still testing the waters in regards to the spectrum.

It is becoming clear that partnerships between the telcos are becoming more frequent. The question now becomes, who will be the next to team up?

http://www.theedgemalaysia.com/i ... f-many-to-come.html

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发表于 2011-1-28 17:25 | 显示全部楼层
DiGi 4Q earnings up 34pct to RM332m in 4Q

KUALA LUMPUR: DIGI.COM BHD [] posted earnings of RM332.02 million in the fourth quarter ended Dec 31, 2010 compared with RM246.5 million a year ago.

It said on Friday, Jan 28 the earnings growth was underpinned by increased usage from an enlarged subscription base, inclusion of handset bundles plus rising revenue contributions from data services.

Revenue rose to RM1.43 billion from RM1.25 billion a year ago. Earnings per share was 42.7 sen.

DiGi declared a fourth interim dividend of 43 sen single-tier exempt dividend per ordinary share of 10 sen each for the financial year ended Dec 31, 2010.

For the year ended Dec 31, DiGi’s net profit rose to RM1.18 billion from RM1 billion a year ago.

In a statement Friday, Jan 28, DiGi chief executive officer Henrik Clausen said the company recorded solid growth momentum from data revenue precipitated by attractive mobile broadband offerings and higher take-up of smart-phone bundles.

Clausen said DiGi tapped on the rapid increase in demand for quality internet access it saw in Malaysia during the year while at the same time continuing to make inroads into previously underserved markets.

“We anticipated the needs of our customers well by making access to smart phones easier and affordable with applications that are relevant to our customer base.

“This stimulated increased usage from the larger subscriber base of 8.8 million, which in turn improved overall revenue contributions of data services. Today, we have 4.2 million internet users and we foresee demand for internet trending up from both existing and new customers,” he said.

On the outlook for 2011, Clausen said DiGi would continue to actively address the rising demand for quality data services in Malaysia.

“We will prioritise network investments which include growing our 3G/HSPA coverage from the current 50% nationwide to accelerate our reach, and to cater for higher speed capacity, reliability and quality of service. Capital expenditure will be in line with 2010 to support this,” he said.

http://www.theedgemalaysia.com/b ... o-rm332m-in-4q.html

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发表于 2011-1-31 15:35 | 显示全部楼层
OSK Research upgrades DiGi to Buy, TP RM27.90

KUALA LUMPUR: OSK Research has upgraded DIGI.COM BHD [] to a Buy with a target price of RM27.90 from RM24.40 based on a discounted cashflow and 5.5 times FY11 enterprise value/earnings before interest, tax, depreciation and amortisation (EV/EBITDA).

The research house said on Monday, Jan 31 there were no surprises in DiGi’s 4Q/FY10 results. Although the speculated special dividend did not materialize, DiGi dropped the biggest hint yet that a windfall payout may come in FY11.

“We estimate additional cash of up to RM1.20/share would likely be returned from a more optimal capital structure achieved in 2011. We see greater upside to Digi’s EBITDA from the sharing of infrastructure with Celcom starting FY12 and tweak our core earnings forecasts for FY11/12 higher by 10-23% after building in additional opex savings.

“Accordingly, our TP is raised to RM27.90 from RM24.40 based on DCF (WACC: 9.5%) and 5.5x FY11 EV/EBITDA. Upgrade to BUY given the >10% upside. Digi is our best pick for exposure to Malaysia telecoms after Axiata,” it said.

http://www.theedgemalaysia.com/b ... -buy-tp-rm2790.html

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