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[公司专区] 6947 DIGI 數碼電訊

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发表于 2011-2-16 23:45 | 显示全部楼层
DiGi expected to offer steady capital gains and yields

Smart growth in 2010
DiGi continued to register good growth in terms of subscriber numbers, revenue and net profit in its latest earnings results for 2010.
The cellular operator reported a 13.5% increase in total subscriber numbers to 8.765 million at end-2010. Pre-paid customers grew by about 13% to 7.331 million, boosted by good takeup rate for its Easy Prepaid package, which is targeted at the still comparatively underserved youth and Malay market segments.

The number of post-paid customers, meanwhile, grew a stronger 16.1% to 1.434 million, albeit from a much smaller base.

Whilst the pre-paid business has, thus far, been the bread and butter of DiGi’s business, we are seeing a slow but sure shift to the post-paid segment. Back in 2005, post-paid subscribers accounted for only about 7.4% of the company’s subscriber base. This market segment now accounts for some 16.4% of DiGi’s total subscribers.

Rising smartphones adoption to boost usage
Looking ahead, we expect this gradual trend towards post-paid segment to continue, underpinned by the migration of customers from pre-paid to post-paid packages on the back of rising adoption of smartphones.

Access to the Internet via handheld is now increasingly common with our changing lifestyle for anytime, anywhere connection. Almost half of DiGi’s subscribers, over 4.2 million, are mobile Internet users, the majority of whom are casual surfers now but whose usage is expected to keep growing over the next few years.

Currently, only about 13% of DiGi’s customers are smartphone users. This percentage can only rise further, especially given the increasing proliferation of affordable smartphones in the market. Indeed, the adoption of smartphones is a global phenomenon. Smartphone sales reinvigorated cellular phone sales worldwide last year and are expected to maintain a double-digit pace of growth over the next few years as consumers trade up from their low-end feature phones.

Smartphone sales, which come together with higher value data plans, were one of the key drivers of growth for DiGi in 2010. The cellular operator offers an array of high-end smartphones including the popular iPhone, BlackBerry as well as a host of Android-based devices from HTC and Samsung. DiGi is selling its data plans based on simplicity and affordability.

Migration to post-paid to keep falling ARPU in check
The anticipated migration towards post-paid packages bodes well for the company, in terms of keeping declining average revenue per user (ARPU) in check. To be sure, its blended ARPU continued to fall in 2010 — to roughly RM52 per month, from RM55 per month in the previous year — on the back of high takeup for lower value pre-paid packages.

But the growth in data usage should slow the decline and may even reverse the trend in a few years’ time. The prospect for future data revenue growth is underlined by its 20.8% increase in 2010 — even as voice revenue for both pre-paid and postpaid segments dipped.

Cost savings from network sharing
To support the expected growth in bandwidth demand, DiGi plans to spend some RM700 million in capital expenditure this year — about the same level as that in 2010 — to increase the breadth and depth of its 2G-3G networks. The company’s 3G network now covers some 50% of the nation’s population.

In addition, DiGi recently signed a 10-year agreement, worth RM139 million, to use Time dotCom’s fibre capacity to complement its wireless infrastructure to cater to the rising demand for bandwidth.

Such sharing of network infrastructure is important given the rising demand for capacity and changing technological landscape, especially in a matured market such as ours. For instance, we expect significant fresh capital investments for the imminent switch to a 4G all-IP platform.

In this respect, DiGi’s landmark network collaboration agreement with Celcom is expected to be another key driver for growth going forward, through cost savings and improved returns on the back of more efficient utilisation of assets.

The agreement includes the sharing of telecommunication sites, access, aggregation and trunk fibre transmission. By 2015, the two telcos target to consolidate and upgrade some 4,000 sites — from the initial phase of a combined 436 sites — and fibre transmission network. Cost savings — in terms of both capital and operational expenditure — are estimated to total some RM2.2 billion combined over a 10-year period.

Topline growth coupled with gradual margins expansion
DiGi’s operating margin improved to roughly 44.4% in 2010, up from 43.3% in the previous year. This coupled with the 10% topline growth resulted in a strong 17.7% expansion in net earnings.

The company expects revenue growth to be in the high single-digit range in the current year and for margins to continue to improve. Looking further ahead, we expect margins to be further bolstered by savings from its network collaboration with Celcom, which are expected to be visible in 2012 and increasing to RM75-RM125 million annually post-2015.

Steady earnings growth should support a gradual appreciation in the company’s share price. Rising earnings are also expected to translate into gradually higher dividends for shareholders.

We estimate dividends to total RM1.84 and RM2.01 per share for 2011-2012, which will earn shareholders attractive net yields of 7.1% and 7.8% for the two years at the current share price of RM25.90. Dividends totalled RM1.63 per share in 2010. The stock will trade ex-entitlement for a final dividend of 43 sen per share on Feb 24.

http://www.theedgemalaysia.com/i ... ins-and-yields.html

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发表于 2011-4-7 12:05 | 显示全部楼层
接近RM30的历史高价, 每股淨利1.52, 差不多20倍的本益比...
会不会太貴了點....

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发表于 2011-4-8 21:33 | 显示全部楼层
DiGi’s technology operation centre gets GBI gold

PETALING JAYA: DiGi Telecommunications Sdn Bhd’s new technology operation centre (TOC) has received a Provisional Gold Certification from The Green Building Index (GBI), making it the first data centre in Malaysia to be awarded the standard.  

GBI is Malaysia’s industry-recognised green rating tool for buildings to promote sustainability in the build environment.

The 2.11-acre (0.85ha) development in Shah Alam opposite DiGi’s current headquarters has a built-up area of 141,500 sq ft. The TOC was completed last July and has a gross development value (GDV) of about RM73 million.

DiGi’s head of corporate affairs Zaiton Idrus said the company is proud of the achievement as environmental sustainability is part of DiGi’s business fundamentals.

Through its company-wide “Deep Green” initiative to embed environmental conservation into everything it does, DiGi aims to cut its business carbon footprint by half this year from 2008’s level.  

“With the TOC, we saw an opportunity to take our commitment even further. Data centres are traditionally large consumers of energy. Our TOC has been designed to reduce energy usage as much as possible in line with our company’s goal to decrease DiGi’s overall carbon emissions by 50%,” Zaiton said.
The technology operation centre was completed in July last year.

The technology operation centre was completed in July last year.

The TOC was designed using the GBI as its guiding principle and incorporates a spectrum of environment-friendly features that maximise energy and water conservation, as well as utilise materials such as eco-friendly carpets and solar reflective roof paint coating.

The centre was also constructed with a steel formwork system to reduce timber usage and features vertical landscaping.

http://www.theedgemalaysia.com/i ... -gets-gbi-gold.html

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发表于 2011-4-18 17:39 | 显示全部楼层
DiGi banks on BlackBerry plans for subscriber growth

DiGi.Com Bhd
(April 15, RM29.00)
Downgrade to hold at RM29.50 with target price RM30.20: A quieter competitive landscape in 1Q11, with DiGi carrying out more promotions for various BlackBerry plans to target a wide spectrum of users. We expect healthy subscriber growth.

Expect 1Q11 revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) margin to be marginally weaker quarter-on-quarter (q-o-q), following a seasonally high 4Q10.

The share price has rallied 19% since we upgraded the stock to “buy” in Jan 11. With limited catalysts in the near term, we downgrade the stock to “hold”, with an unchanged target price of RM30.20. DiGi’s fundamentals remain strong. There will be a potential net dividend per share (DPS) of about 40 sen against our 2011F of 172 sen.

We notice that competition has been subdued in 1Q11. This can be seen from the decreased number of (nearly) daily full-page, colour ads for mobile phone service promotions in the print media that we are accustomed to seeing.

These include a range of affordable prepaid plans that start from as low as 50 sen per day for BlackBerry Messenger (BBM) service, to RM1 per day for a mixture of BBM, other messenger services and social networking (Facebook, Twitter), and RM2 per day for unlimited Internet usage. While Celcom offers a similar variety of plans for prepaid users, its unlimited per-day Internet usage plan is marginally more expensive at RM2.50. Premium brand Maxis has kept its plan straightforward with just one RM2.50 per day package.

DiGi will report its 1Q11 results at end-April. We expect a seasonally-lower q-o-q revenue following the strong festive period in 4Q10. We think its 1Q11 revenue could possibly have eased 5% q-o-q to about RM1.35 billion (+5% year-on-year), and a slight decline in Ebitda margin to just under 45% against 45% registered in 4Q10 and 44.6% in 1Q10.

This takes into account the lower marketing expenses as a result of less advertising and promotions observed in 1Q11. Consequently, we think its 1Q11 net profit could ease seasonally 10% q-o-q to about RM300 million (+8% y-o-y).

We retain our view that DiGi can double its broadband revenue in 2011, with revenue contribution rising to 12% of group revenue from 6% in 2010. We argue that its 168,000 net adds in 2010 are likely to be sustainable in 2011, which will translate into an 80% y-o-y subscriber base increase to 379,000. With wider 3G coverage and a stable environment (limited pressure on average revenue per user (ARPU)), DiGi’s broadband revenue can potentially double in 2011.

We have factored in a 44.9% core Ebitda margin for 2011 versus 44.2% in 2010. This is in line with the 45% that DiGi achieved in 4Q10, which we believe is sustainable as it continues to focus on improving operational efficiency.

DiGi continues to keep an eye on profitability. We do not expect it to cut tariffs just to match the lower prices of new entrants, especially the mobile virtual network operators (MVNO). We believe DiGi will choose to price competitively in profitable segments (selected overseas destinations in the IDD subsegment). DiGi is also not interested in fixed-line for quadruple play because IPTV demand is still low while large screens (for example notebooks) use a lot of bandwidth and congest wireless networks.

We make no changes to our earnings forecasts. Spectrum re-farming is still a concern as regulator has yet to disclose the bidding and pricing mechanism.Uncertainty lingers over the long-term with LTE. DiGi has submitted its business plans regarding the use of the LTE spectrum to the regulator but no details are available at the moment.

We downgrade DiGi to “hold” from “buy” following a 19% rise in its share price since we upgraded the stock to “buy” in January 2011. The fundamentals of the company remain sound, but we foresee no catalysts in the near term for this stock. We keep our discounted cash flow-based target price at RM30.20 (7% weighted average cost of capital; 1% terminal growth), which implies 16 times 2012F price-earnings ratio and 8.4 times earned value/Ebitda. The stock is supported by a very attractive dividend yield of 6% net (8% gross). Entry price is RM28.20.

Additional dividend distribution would be a key catalyst while longer-term cost savings from sharing infrastructure with Celcom could lift DiGi’s net profit by as much as 5%. — UOB Kay Hian, April 15

http://www.theedgemalaysia.com/i ... scriber-growth.html

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发表于 2011-4-30 06:42 | 显示全部楼层
淨利增19% 數碼網絡派息43仙 

(吉隆坡29日訊)數碼網絡(DIGI,6947,主板基建股)2011財政年第一季(截至3月31日)淨利按年成長 19.09%,至3億3139萬6000令吉,上財政年同期為2億7825萬6000令吉。

該集團單季營業額則從12億9035萬令吉,按年增漲10.86%,至14億3056萬令吉。配合首季業績,該集團宣佈派發每股43仙的第一次中期股息(單層+免稅),除權日期落在5月19日。

數碼網絡是在今日午盤公佈業績,該股從下午2時半暫停交易一個小時。該股今日以29.08令吉開跑後,一度下挫至28.9令吉的全日最低水平。最終以29.08令吉全日最高水平掛收,高於昨日閉市水平29令吉,全日漲8仙或0.276%。該股今日共有51萬2800股易手。

該集團首席執行員亨利克勞申(Henrik Clausen)在文告中指出,流動互聯網在過去幾個季度的需求已經穩定成長,其網絡轉型計劃已讓該集團繼續符合全馬各地的客戶需求。

「我們目前共有450萬名互聯網用戶,估計數據服務的需求將持續上揚。」

亨利克勞申也指出,該集團單季營業額衝破14億令吉大關,數據業務繼續成為營業額貢獻者。「我們努力刺激更高的使用率,智能手機市場也在成長,引致數據業務的首季營業額按年成長38%,至3億6170萬令吉。」

數碼網絡的未計算利息、稅項、折舊及攤銷前盈利(EBITDA)持穩在6億5720萬令吉,賺幅擴張至45.9%,高於上財政年同期的44.6%。

展望未來九個月,數碼網絡將積極符合我國的數據服務需求,並從該集團各網絡投資獲取最大利益。

亨利克勞申表示,「我們的擴充計劃不但強調成本管理,也提倡信息與通訊技術領域(ICT)之間的合作。」

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发表于 2011-4-30 19:03 | 显示全部楼层
DiGi 1Q net profit RM331.39m, up 19%

KUALA LUMPUR: DIGI.COM BHD [] posted net profit of RM331.39 million in the first quarter ended March 31, 2011, up 19% from the RM278.25 million a year ago.

It said on Friday, April 29 that revenue rose 10.8% to RM1.43 billion from RM1.29 billion. Earnings per share were 42.6 sen versus 35.8 sen a year ago. It declared an interim dividend of 43 sen compared with 35 sen a year ago.

“The higher revenue was mainly contributed by increased usage from the larger subscriber base of 8.8 million (2010: 7.9 million), and more importantly increased data revenue which grew 38% year-on-year to RM361.7 million, as well as revenue contribution from handset-bundled offerings.

“Average revenue per user (ARPU) declined slightly to RM50 (2010: RM53); a result of new customers coming in at lower spend levels, competitive price pressure as well as reduced domestic interconnect revenue following the lower regulated mobile termination rate which took effect beginning July 2010,” it said.

DiGi said the group’s earnings before interest, tax, depreciation and amortisation (EBITDA) and EBITDA margin at RM657.2 million and 45.9% respectively, were also higher than the RM575.8 million and 44.6% recorded a year ago.

The telco said it would continue to prioritise network modernisation initiatives to accelerate coverage and deliver higher speed, capacity, reliability and quality of service.

This will immediately result in major improvements of network quality and efficiency through significant increase in download speeds and better connectivity experience for customers. Further, this investment will ensure the successful delivery of long-term evolution services, the next-generation mobile TECHNOLOGY [] capable of delivering download speeds of up to 172 Mbps when spectrum becomes available.

DiGi chief executive officer Henrik Clausen said: “We have seen a steady increase in demand for mobile Internet over the past few quarters, and have put in place a strong network transformation programme to continue delivering increased network quality, efficiency and coverage, to adequately meet our customers’ demands in all parts of Malaysia.

“At present we have over 4.5 million internet users, and we foresee that demand for data services will continue to trend up going forward.”

On the prospects for the remaining quarters up to Dec 31, 2011, the company said the network modernisation programme would result in the replacement of existing equipment on its network.

“The board wishes to highlight that the group will undertake to accelerate depreciation related to these existing equipment in-line with generally accepted accounting practices (GAAP) beginning from next quarter,” it said.

DiGi added net profit would be impacted which would be corresponding to the quantum of accelerated depreciation to be reflected in its books over the next 21 to 33 months.

“The estimated accelerated depreciation will approximate RM400 million to RM450 million in 2011, RM500 million to RM550 million in 2012 and less than RM100 million in 2013,” it said.

It added this was subject to periodic reviews and re-assessment; of which the board will notify the market accordingly.

DiGi said the accelerated depreciation would not have any adverse impact on the group’s operating cash-flow in the years mentioned above.

http://www.theedgemalaysia.com/b ... rm33139m-up-19.html

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发表于 2011-4-30 19:07 | 显示全部楼层
DiGi appoints ZTE for LTE network

SHAH ALAM : In conjunction with the two-day official visit by Chinese Premier Wen Jiabao, telecommunication services provider DiGi Tele communications Sdn Bhd (DiGi), a unit of Bursa Malaysia-listed DiGi.Com Bhd, announced the appointment of Chinese firm ZTE Corp to build a unified mobile network in the country.

Listed in Shenzhen and Hong Kong, ZTE is a global provider of telecommunications equipment and network solutions.

The network will provide DiGi with fully a transformed 2G, 3G and 4G network from 3Q11. According to a joint statement by DiGi and ZTE yesterday, the new network will be capable of delivering download speeds of up to 42Mbps (mega bits per second) using HSPA+ and thereafter up to four times faster once the 4G/LTE (long term evolution) spectrum becomes available.

“This will result in a major enhancement of network quality and efficiency, enabling improved customer experience, and strengthening DiGi’s competitiveness,” the statement said.

The partnership was formalised yesterday at a signing ceremony witnessed by Prime Minister Datuk Seri Najib Razak and his counterpart Wen Jiabao.

According to Henrik Clausen, CEO of DiGi, the new network is part of the telco’s commitment to enhance connectivity and enable richer applications for the experience of its users.

“This brand-new LTE-ready network will allow our customers to enjoy cutting edge mobile speeds, increased capacity and improve quality of service,” Clausen said.

Under this partnership, DiGi will modernise its nationwide network with ZTE’s unified radio access network (RAN) platform which is capable of delivering 2G, 3G and 4G/LTE from a single base station site. The company will also upgrade its core network, transmission network and parts of its value-added services platform. This exercise will be done in the next two years, involving over 5,000 existing sites with new ones to be added to improve capacity and coverage.

ZTE will manage and maintain the unified network. The new network will result in improved operational efficiency and service positioning times due to its convergence of service platforms and will feature simplified architecture.

Clausen explained that modernising its network would expedite DiGi’s goal to reduce its carbon footprint through better energy utilisation and efficiencies.

“By using newer equipment with enhanced technology, we will be able to achieve better energy utilisation and efficiencies, resulting in up to 50% energy savings network-wide over the next five years as part of our commitment to address climate change.” he said, adding that the new network will be the cornerstone of DiGi’s effort to bring new products into the Malaysian mobile telecommunications market.

http://www.theedgemalaysia.com/i ... or-lte-network.html

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发表于 2011-5-2 17:36 | 显示全部楼层
營業額走高‧成本撙節奏效
數碼網絡首季淨利漲19%

大馬財經  2011-04-30 12:02

(吉隆坡29日訊)歸功於營業額走高,以及成本撙節效益,數碼网絡(DIGI,6947,主板基建計劃組)截至2011年3月31日止第一季,淨利從前期的2億7千825萬6千令吉上漲19.1%至3億3千139萬6千令吉。

派息43仙

數碼网絡營業額則隨用戶群擴大至880萬,以及數據營業額走高,按年成長10.87%至14億3千零56萬3千令吉,前期為12億9千零35萬8千令吉。

該公司董事部建議派發每股43仙股息,將在5月19日除權,並在5月23日過戶。

數據續成為盈利成長推手

數碼网絡發文告指出,董事部對集團首季表現感到滿意,其中數據持續成為盈利成長主要推手,歸功於集團高度專主提振數據使用量,以及強勁智能產品需求和市場對智能手機接納度增加。

基於上述原因,數碼網絡互聯網用戶已達到450萬人次,並預見數據服務需求將持續呈漲勢發展。

數碼網絡首席執行員亨利克勞森表示,鑒於高品質數據服務需求料持續成長,集團將繼續優先投資網絡,以加強覆蓋率,確保能達到更高速、可靠和高品質的服務,並從網絡投資取得最大化效率改善。

“我們的擴充計劃也將透過合理的成本管理,甚至透過領域廣泛合作,提昇大馬資訊通訊科技領域水平。”

他說,集團部份努力從抱負水平到營運執行都是世界首創的,相信客戶將很快享受更為強勁的整體流動網絡體驗。

至於2011財政年盈利前景方面,數碼網絡維持全年營業額呈個位數成長目標,並將延續現有成功的成本管理措施,以進一步改善賺益。

“網絡投資將與網絡現代化計劃一致,但基於價格利好,2011年整體資本開銷將比2010年低近10%,主要是年內營運現金流持續改善。”

未來3年折舊10億
盈利料受衝擊


數碼網絡指出,鑒於網絡現代化計劃將反映在現有網絡設備更新上,董事部強調集團將對相關設施採取加快折舊方式,未來3年設備折舊可能高達10億令吉,將影響盈利表現。

這與下季採納一般公認會計原則(GAAP)一致。

有鑑於此,集團淨利將受到影響,相關加快折舊總額將反映在未來21至33個月的賬面上,預計2011年加快折舊額為4億至5億令吉,2012年則揚升至介於5億至5億5千萬令吉,不過,2013年則將降低至少於1億令吉。

折舊不影響現金流
不過,折舊不會影響現金流。

該公司補充,上述預測將根據週期性評估和重新評估,而董事部將對此作出相應公佈,但加快折舊活動將不會對未來3年營運現金流帶來負面影響。

星洲日報/財經‧2011.04.30

http://biz.sinchew-i.com/node/46691

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发表于 2011-5-3 18:27 | 显示全部楼层
CIMB Research Neutral on DiGi, ups target price to RM31.60

KUALA LUMPUR: CIMB Equities Research said though DiGi's 1Q11 annualised core net profit was only 1% above its forecast and consensus was spot on, it considered the performance to be above expectations as 1Q is a seasonally weak quarter.

CIMB Research said on Tuesday, May 3 that the outperformance came from better-than-expected revenue and margins.

“Although we raise our revenue and EBITDA margin assumptions, our FY11-12 core EPS numbers are reduced by 14-16% because of accelerated depreciation resulting from a network upgrade.

“FY13 EPS is raised by 11%. Our DCF-based target price, which uses an unchanged WACC of 11.6% rises from RM28.65 to RM31.60. We also cap our FY11-13 DPS forecasts at levels similar to FY10’s.

“Rising prepaid competition and DiGi’s stretched valuations keep the stock as a NEUTRAL despite the commendable results. Downside risks should be limited by its dividend yield of 7%. Axiata remains our top Malaysian telco pick,” it said.

http://www.theedgemalaysia.com/b ... rice-to-rm3160.html

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发表于 2011-5-4 21:18 | 显示全部楼层
Accelerated depreciation to hit DiGi earnings

DiGi.Com Bhd
(May 3, RM29.60)
Maintain neutral at RM29.08 with an upward revision of the target price to RM29.20 from RM27.90: DiGi released its 1QFY11 results at mid-day on April 29. Core earnings came in at RM331.4 million (+19% year-on-year) against a revenue of RM1.43 billion (+11% y-o- y) supported by: (i) stronger data revenue momentum (+8% quarter-on-quarter/ +38% y-o-y), offsetting the extended contraction in voice revenue (-4% y-o-y and –3% q-o-q) with 15% of its subscriber base now on smartphones against 13% a quarter ago.

The continuing tight lid on operational expenditure contributed to the improvement in earnings before interest, taxes, depreciation and amortisation (Ebitda) margin, from 44.7% in 1Q10 and 45.7% in 4Q10 to 45.9% in 1QFY11. Management has declared 43 sen a share first interim dividend, equating to 100% of its net profit.

DiGi is undertaking a two-to-three year network modernisation exercise with ZTE Corp Sdn Bhd to swap its existing network for a new one.

This is to cater for growing data demand with the new network long-term evolution (LTE). The modernisation exercise will result in DiGi accelerating depreciation on its current 2G network as its lifespan is shortened. Management expects the impact to be front-loaded at RM400 to RM450 million for FY11, RM500 million to RM550 million in FY12 and less than RM100 million in FY13.

While putting pressure on earnings in the medium term, DiGi foresees good operational and capital expenditure savings in the longer term (post FY13). Management believes the accelerated depreciation will more than offset operational expenditure savings from the ongoing network collaboration with Celcom for FY11 and FY12, resulting in earnings being crimped.

DiGi has guided for the negative impact from the new roaming rates to be some RM1 million based on the profile of its roaming traffic.

We reduce our FY11/12 net profit forecast by 24% to 32% after building in the accelerated depreciation charges and making some housekeeping adjustments to our operational expenditure assumptions. Our fair value on the stock is raised to RM29.20 from RM27.90 as we now roll over to FY12.

DiGi remains a “neutral” following our earlier downgrade on April 21 after the good share price run year-to-date. — OSK Research, May 3

http://www.theedgemalaysia.com/i ... -digi-earnings.html

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发表于 2011-5-5 10:51 | 显示全部楼层
积极现代化基建 数码网络省资本营运开支
2011/05/05 10:31:22 AM
●南洋商报

(吉隆坡4日讯)数码网络(Digi,6947,主板基建股)正现代化旗下网络基建,长期可节省资本与营运开支,分析界一致看好前景。

未来折旧成本更低

益资利投资研究分析员指出,网络现代化计划将使数码网络从2011财年第二季起出现折旧,从2011财年至2013财将分别折旧4亿至4.5亿令吉(2011财年)、5亿至5.5亿令吉(2012财年)以及低于1亿令吉(2013财年)。

他说,数码网络冀望2011财年资本开销按年减少10%。

“长远来看,数码网希望资本开销对销售比例可降低至10%以下(2010财年为11.9%),资本开销减少将意味未来折旧成本更低。”

他表示,随着采用更新的设备,数码网络将能节省能源及降低营运与维修成本,电费会减少,从而节省营运开支及提升赚幅。

每股盈利预测下修

他说:“节省资本开销与营运开支,有助加强日后现金流。”

为了反映营运开支更低,分析员将2011至2013财年扣除利息、税务、折旧与摊销赚幅上修0.8至45%。

“然而,由于我们预计折旧率会增加,所以这将抵消上述预测。”

他表示,整体来说,数码网络2011财年与2012财年每股盈利预测将分别下修20.7%及21.4%,惟2013财年每股盈利预测则稍微上调1.8%。

同时,分析员也调低了2011至2013财年资本开销预测,从而推高现金流。

每股股利预测下修

基于数码网络2010财年每股股利为1.63令吉,分析员遂下修2011财年每股股利预测。

数码网络已在2011财年首季宣布派发43仙每股股利,并希望可维持去年每股1.63令吉的每股股利。

可是,拉昔胡申研究分析员将2011财年每股股利预测维持在1.74令吉,并将2011至2013财年预测稍微调整0.2至0.7%。

他指出,基于数码网络股价已经大幅度上涨,遂将评级从“超越大市”下修至“跟随大市”,惟目标价从每股29.10令吉上修至30.00令吉。

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发表于 2011-5-10 10:52 | 显示全部楼层
折舊10億‧衝擊淨利‧數碼網絡財測砍32%
業績評論 2011-05-04 11:33

(吉隆坡3日訊)數碼網絡(DIGI, 6947, 主板基建計劃組)首季淨利揚升19.1%至3億3千139萬6千令吉,普遍符合預期,但公司警告未來3年10億令吉折舊衝擊表現,2011至2013財政年淨利將下跌1億至5億5千萬令吉,分析員因此大幅下調未來兩年淨利預測最高達32%。

股價先挫後揚

受折舊減值消息影響,該股賣盤湧現,一度急挫48仙至28令吉60仙,不過,基於派息依然大方,午盤投資情緒回穩,跌幅收窄,以29令吉60仙掛收,揚升52仙。

數碼網絡首季表現雖不俗,但管理層表示,網路現代化計劃將影響未來盈利,預計2011年加快折舊額為4億至5億令吉,2012年介於5億至5億5千萬,2013年則降低至少於1億,此話一出,掀起分析員大砍財測。

達證券相信該公司加快減值,自7年提前至2到3年,將衝擊2011至2013財政年淨利1億至5億5千萬令吉,因此削減2011至2013財政年淨利預測20至27%,到9億3千160萬、10億9千320萬與15億6千650萬。

馬銀行研究納入2011至2013財政年額外減值,各為4億2千萬、5億2千萬與8千500萬令吉後,下調今明財政年淨利預測各20與22%,惟基於賺幅預測走高,上修2013財政年4%,3年循環淨利預測各為9億9千680萬、10億5千250萬與15億零630萬。

黃氏唯高達研究削減今明財政年淨利預測20至22%,至10億零800萬與10億5千200萬令吉,但略上修2013財政年預測3%至14億9千600萬,以反映手機銷售提高有望抵銷屆時的減值。

僑豐研究也因折舊減值,下調今明財政年淨利預測24至32%,到10億1千110萬與10億1千280萬令吉。

豐隆研究下調今明財政年每股盈利預測各20.2與17.5%;益資利研究下修今明財政年每股盈利預測各20.7與21.4%,但略上調2013財政年每股盈利預測1.8%,2011至2013財政年淨利預測各為10億2千450萬、10億9千360萬與15億1千萬令吉。

益資利上調2011至2013財政年營運盈利賺幅0.8至45%,以反映網路現代化計劃加強網路效率,並減少營運成本。

MIDF研究預見數據將持續成為營業額成長的主力,估計今明財政年淨利各達12億7千380萬與13億7千450萬令吉。

派息政策料保持

數碼網絡董事部建議首季派發每股43仙股息,意味首季派息率101%,符合全年派息率目標100%,隨管理層有意維持派息率,促使派息率或較派息目標100%高。

黃氏唯高達認為,上述派息可期,但保留盈利可能顯著受挫,或按年跌15%至每股賬面淨值1令吉47仙,維持全年股息預測163仙。

馬銀行研究也相信,今年派息率仍有望超過100%,2011至2013財政年的3年股息預測皆為163仙。僑豐預測2011與2012財政年股息各為163仙與165仙。

興業維持現財政年股息預測174仙;MIDF的2011與2012財政年股息預測各達164仙與169仙;豐隆2011至2013財政年的股息預測各為166、163與169仙,相信該公司淨周息率5.7%與進一步的資本管理潛力將支撐股價表現。

益資利下調現財政年股息,以符合2010財政年的股息163仙。2012與2013財政年股息料各為163仙與194.2仙。益資利認為,股息潛存上探風險,一旦該公司資本管理計劃完成,自由現金流將走強。

另一方面,隨數碼網絡股價在過去3個月急漲15%,分析員相信,這已限制股價上探潛力,促使股價前景中和。

興業也提到,儘管看好該股在周息率合理與數據帶動營業成長下表現,但相信目前股價已獲全面反映。

隨智能手機的各式新推介支撐數據成長,達證券對電訊領域前景看法正面,同時相信業者共組財團進行先行計劃的“區域網絡”方案下,國際與國內網路聯繫服務成本將減少。

MIDF也看好“區域網絡”計劃為領域合作成風加劇的現象,相信將帶來明確與具體的好處。



http://biz.sinchew-i.com/node/46791?tid=18

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发表于 2011-5-12 21:14 | 显示全部楼层
DiGi to adjust its dividend policy

KUALA LUMPUR:  Mobile telecommunications company DIGI.COM BHD [] is looking to adjust its dividend policy in order to compensate for lower net profit as it seeks to update its network.

“We believe that by improving our network, it will result in true value creation in the long-term,” said chief executive Henrik Clausen on Thursday, May 12.

He explained that as DiGi continued to modernise its network, it would involve an increase in the depreciation of its old equipment, to the tune of around RM1 billion over three years.  While it would not affect the company’s cash flow as it is a non-cash item, it would have an impact on net profit.

“However, this is will only be a short-term situation. In order to maintain shareholder value, we may look at adjusting our dividend policy in terms of the payout ratio. We are still discussing about it and will make an announcement in due course,” said Clausen.

Currently, DiGi has committed to paying out 80% of its annual net profit to its shareholders.

http://www.theedgemalaysia.com/b ... ividend-policy.html

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发表于 2011-5-12 22:17 | 显示全部楼层
數碼網絡不動用保留盈利派息

(吉隆坡12日訊)數碼網絡(DIGI,6947,主板基建股)表示,管理層將在接下來的兩年內,通過資本管理來抵銷因加速折舊導致淨利與派息能力下滑的負面影響,但不會動用保留盈利來維持原有的每股股息。

在數碼網絡週四召開的股東常年大會上,數碼網絡進行折舊行動期間的派息能力,成為小股東關注的焦點之一。該公司首席執行員亨利克勞申安撫說,加速折舊2G網絡確實會削弱公司未來3年的淨利,但管理層承諾會通過高效的資本管理,來沖淡淨利與扣除利息、稅項、折舊及攤銷前之收入(EBITDA)賺幅下挫的衝擊,然後儘一切努力繼續派發較高股息。

亨利克勞申較後出席記者會時,駁斥分析員稱數碼網絡可能會動用保留盈利,來維持原有派息率的說法。他說,除了資本管理,管理層仍在商討其他應對淨利與派息率受挫的方案,暫時未有定論。截至今年3月,數碼網絡的累積盈餘是5億7400萬令吉。

該公司是在4月29日發佈的財政報告中表示,將會加速折舊行動,2011-2013財政年所需承擔的額外折舊大約是10億至11億令吉。

另外,亨利克勞申指出,管理層冀望今年的營業額,取得較高的單位數成長,並穩住目前大約25.6%的市佔率。同時,數碼網絡2011年所撥出的資本開銷是6億4800萬令吉,比去年的7億2000萬令吉少了10%。數碼網絡今年沒有要求通過董事費用的議案,主要是管理層以津貼的方式來支付董事薪酬。

談到未來挑戰,他預見將有更多的通訊業者滲入語音市場,但數碼網絡將會與現有的策略夥伴(例如天地通-亞通)密切合作,鞏固市場地位。展望2011財政年,數碼網絡將延用去年的四大成長策略,包括提振語音業務、網絡現代化、專注成本效益,以及聯營推動領域成長。

與eHomemakers簽署夥伴協議

另外,數碼網絡發文告宣佈,該公司與東南亞唯一的社區互聯網--eHomemakers簽署一項夥伴協議,在後者的護蔭下,提供通訊方案改善多達40家非政府組織(NGO)與微型企業之間的溝通。

http://www2.orientaldaily.com.my ... 6vK08Vg5QMz1ok13jeK

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发表于 2011-5-13 10:56 | 显示全部楼层
網絡升級‧損盈利 數碼電訊調整派息率
12/05/2011 21:21

 (吉隆坡12日訊)數碼電訊(DIGI,6947,主要板基建)計劃展開網絡升級,將因此探討調整股息政策,以彌補淨利的減少。

 該公司總執行長韓力克勞森說:“我們相信改善網絡后,將創建長期服務價值。”

 他解釋,數碼電訊持續現代化網絡的舉動,將增大舊設備的貶值,過去3年貶值總額約10億令吉。

 他指出,舊設備貶值屬非現金項目,故不會影響公司現金流,但將衝擊淨利。

 “但這(淨利受損)是短期情況。為維持股東價值,我們將探討股息政策下的派息率,仍在商討中,一旦有了決定會對外宣佈。”

 目前,數碼電訊承諾股東,每年派出淨利的80%為股息。

 截至12月31日2010財年,該公司年派息1.63令吉,2009財年則1.78令吉。

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发表于 2011-5-14 23:25 | 显示全部楼层
DiGi to adjust its dividend policy

KUALA LUMPUR: DiGi.Com Bhd is looking to adjust its dividend policy in order to compensate for lower net profit as it seeks to update its network.

“We believe that by improving our network, it will result in true value creation in the long term,” said chief executive Henrik Clausen.

He explained that as DiGi continued to modernise its network, it would involve an increase in the depreciation of its old equipment, to the tune of around RM1 billion over three years. While it would not affect the company’s cash flow as it is a non-cash item, it would have an impact on net profit.

“However, this is will only be a short-term situation. In order to maintain shareholder value, we may look at adjusting our dividend policy in terms of the payout ratio with an aim on improving it. We are still discussing it and will make an announcement in due course,” Clausen said after the company’s AGM yesterday.

Currently, DiGi has committed to pay out 80% of its annual net profit to shareholders.

In 2010, the company declared dividends of 163 sen, higher than its earnings per share of 151.5 sen.

Clausen added that investing in newer equipment at a better price would not only strengthen DiGi’s network, but would also translate into lower capital expenditure in the longer term.
Clausen: As DiGi modernises its network, there will be an increase in the depreciation if its old equipment to the sum of RM1 billion over these years.

“Last year we spent around RM720 million on capital expenditure, this year we are looking at around 10% less of that amount, which works out to around RM650 million,” he said.

On the future of the business, DiGi said it still had its sights firmly trained on the data market, as contributions from the voice side of business continue to dwindle.

“It has been a good year for DiGi, where we managed to grow our business by moving into the area of data. Last year we reached out, expanded our coverage and explored new geographies,” said Clausen.

When asked how DiGi would continue to grow its market share in the face of fierce competition, Clausen said there were several geographical segments that were still underpenetrated by the telco.

“As you know, we got our 3G licence a little late compared with the other players. So our coverage is around 50% compared with our competitors, which are around 75%. However, we are closing that gap,” he said.

Clausen added that DiGi is intent on staying on top of the youth segment, as well as expanding its reach with small businesses.

Clausen also noted that things had changed within the industry and that it was entering a new stage of collaboration between players in order to bolster networks and manage costs.

At the beginning of the year, DiGi entered into a network collaboration deal with Celcom Axiata Bhd, which would result in potential cost savings of RM2.2 billion over 10 years. When asked if DiGi was still in talks with other players for more such deals, Clausen said the telco is always open to future collaborations.

“But our focus will continue to be on the mobile segment and data, that has always remained our target for the time being. We want to strengthen our position in that market before we move on to other products such as offering home broadband services,” said Clausen.

DiGi is also tying up with a whole host of other telcos to form a consortium known as Konsortium Rangkaian Serantau Sdn Bhd to implement the government’s entry point project entitled “Regional Network” with the aim of lowering IP transit costs and domestic bandwidth.

“It is still early days yet, but we do expect more details to emerge within this year,” said Clausen. Aside from procuring cheaper bandwidth, the consortium is also expected to eventually invest in a submarine cable system and cable landing station.

On the issue of the LTE spectrum, Clausen said that DiGi had submitted its plan to Malaysian Communications and Multimedia Commission in January and was still awaiting the outcome.

DiGi’s shares ended 4 sen lower at RM29.36 yesterday.

http://www.theedgemalaysia.com/i ... ividend-policy.html

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发表于 2011-5-14 23:26 | 显示全部楼层
DiGi to maintain attractive dividends

Shares in DiGi.Com have held up well over the past two weeks, since the reporting of its earnings for the first quarter of 2011 — despite the management’s guidance for lower profits for the rest of the year.

The company’s share prices had hit an all-time high of RM30.66 in early April before paring down gains. The stock is currently trading at RM29.30, up by almost 21% for the year-to-date, after taking into account dividends of 43 sen per share that were paid in February.

1Q11 earnings in line with expectations
The telco unveiled a pretty good set of earnings results for 1Q11, which were broadly in line with expectations. Turnover and net profit were up 10.9% year-on-year (y-o-y) and 19.1% y—o-y at RM1.43 billion and RM331.4 million, respectively. However, they were flattish from the immediate preceding quarter due, in part, to slower net subscriber addition of just about 78,000 in 1Q11. New broadband subscribers accounted for roughly 41% of the net adds.

By comparison, DiGi recorded an increase of 518,000 subscribers in 4Q10. In particular, the company eased off on its acquisition drive in the pre-paid segment in order to reevaluate its packages amid stiff pricing pressure from competitors. Total subscribers rose to 8.84 million as of end-March.

Positively, strong growth in data revenue helped offset the slight decline in voice revenue for both the pre-paid and post-paid segments. Data revenue accounted for 25.3% of total revenue in 1Q11, up from 20.3% and 23.4% in 1Q10 and 4Q10, respectively.

Growth in this segment was driven, primarily, by mobile Internet usage. Take-up rates for smartphone packages remain robust with our increasing need for always on connectivity to the Internet. DiGi estimates smartphone users make up roughly 15% of the company’s total subscriber base. We expect this figure can only continue to rise as subscribers upgrade from their existing, basic handsets.

Accelerated depreciation to dampen earnings in 2011-2012
More significantly, the management has guided earnings lower for the rest of the year, as the result of the decision to accelerate depreciation for its current mobile network assets.

DiGi recently inked a deal with Chinese telecommunications equipment vendor ZTE Corp to build a unified mobile network that will replace its existing platform. The new radio access network will be able to deliver 2G, 3G as well as future 4G services from a single base station site. The spectrum to deploy 4G services — also known as Long Term Evolution (LTE) — were allocated to various service providers last year and will be available for use by 2013.

The comprehensive network modernisation exercise is expected to replace over 5,000 existing base station sites, and will also include the addition of new sites for greater capacity and coverage, over the next two years. As such, the company will accelerate depreciation for the decommissioned assets, estimated to total some RM1 billion for RM1.1 billion over this period. The bulk of the increased depreciation charges are to be expensed in 2011-2012.

The additional depreciation charges will hit hard at the company’s bottomline. We estimate net profit will drop to roughly RM954 million and RM1 billion for 2011-2012, respectively — down from net profit of RM1.178 billion last year — despite our estimated 7% growth in turnover. We had previously estimated DiGi’s net profit for the current year at some RM1.34
DiGi recently inked a deal with Chinese telecommunications equipment vendor ZTE Corp to build a unified mobile network that will replace its existing platform.

billion.

But no impact on cashflow and dividends
Having said that, the higher depreciation expenses will have no impact on the company’s cashflow. Indeed, DiGi’s balance sheet is expected to strengthen further on the back of steady cashflow from operations and lower capital expenditure. The latter is estimated to be some 10% lower from last year’s spending, at roughly RM650 million. Net debt stood at just RM82.6 million at end-March, or equivalent to gearing of a little over 6%.

DiGi indicated that it would maintain the nominal amount of dividends paid, at least — despite the lower projected net profit. This would imply that dividend payout would well exceed 100% of net profit for the next two years.

Assuming annual dividends totalling 163 sen per share, the same as that paid in 2010, the company’s gearing level is expected to drop slightly from the current levels by end-2011 — and will turn into a net cash position by 2012. This would be far below the company’s target of an optimal capital structure, which would see gearing of between 54-81%. In this respect, DiGi could potentially raise its payout levels much further.

On the base-case scenario of dividends totalling 163 sen per share, shareholders will still earn a pretty decent net yield of 5.6% at the prevailing share price. Its shares will trade ex-entitlement for the first interim dividend of 43 sen per share on May 19.

Savings from improved network going forward
Looking ahead, DiGi is confident that margins will improve upon completion of the network modernisation exercise, by 2013. On top of the enhanced capacity and speed, the new network is expected to be much more efficient — including lower repairs and maintenance expenses — and energy saving.

The improved efficiency would be reinforced by the company’s ongoing network collaboration exercise with Celcom. Cost savings from the sharing of telecommunication sites, access, aggregation and trunk fibre transmission — in terms of both capital and operational expenditure — are expected to be visible starting 2012 and increase to some RM75 million to RM125 million annually post-2015.

DiGi has started work on decommissioning some 200 sites in Perak. To recap, the two telcos target to consolidate and upgrade some 4,000 sites — from the initial phase of a combined 436 sites — and fibre transmission network by 2015.

Thus, whilst pricing pressure will intensify, we expect DiGi will be able to hold its own by laying the foundation for greater competitiveness and higher quality of services going forward.

http://www.theedgemalaysia.com/i ... tive-dividends.html

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发表于 2011-6-21 17:14 | 显示全部楼层
DiGi still expects growth during transformation phase

KUALA LUMPUR: DiGi.Com Bhd still expects high single-digit growth while the company undergoes a transformation phase that entails major capital investment, says chief executive Henrik Clausen. The transformation phase, which will be completed by end of 2012 or early 2013, will lay the foundation for stronger growth momentum.

“DiGi is about growth, we are a growth company. We have done a lot of things to improve our processes over the past year, while keeping prudent on the business. In fact, we have embarked on a transformation programme to drive that growth. It is not enough to do just incremental changes any more,” said Clausen in an interview.

DiGi is to spend around RM700 million in operational expenditure for the year, and expects to spend about the same amount for at least the next two years. The areas that DiGi is looking to improve, which Clausen sees as  the company’s pillars, include strengthening its network for increased data usage and improving the on-the-ground distribution system.

In the meantime, Clausen said DiGi would continue its capital management initiatives to keep up with its dividend payment policy.

“We have committed to pay out at least 80% of our net profit as dividends, and in fact, we have been paying more than that. So during this time, we are expected to sustain at least the absolute dividend payment amount,” he said.

DiGi, whose business is still mainly local, showed a year-on-year increase in its bottomline for 1QFY11 ended March 31, with net profit rising by 19% to RM331.4 million from RM278.3 million, while revenue rose to RM1.4 billion from RM1.3 billion a year ago.

Clausen expects Digi’s transformation period to span over the next 18 months, which is in line with its peers. Most analysts in general have predicted that local telcos will only shine during the later part of 2012. The crux of transformation continues to be data, as revenue from voice continues to decline.


Clausen says DiGi will continue its capital management initiatives to keep up with its dividend payment policy.
“Our network is ready to handle the change. In the meantime, we are also working to ensure that during this transition, it will not hurt the customer’s usage and experience,” he said.

Clausen added that the declining price of handsets going forward would also help to bolster growth.

“As part of a much larger group, namely the Telenor group, it allows us to draw experience in terms of managing cost structure. Also as a result of being part of a larger group, it gives us leverage in helping to bring the costs down,” he said.

He added that DiGi is working on its partnerships with vendors such as Apple and Research In Motion, which manufactures the Blackberry smartphone. According to Clausen, at the moment, 15% of DiGi’s nine million subscribers are using smartphones.  

“There are a lot of geographies where we can do better, certain areas in Johor for example. We see massive potential in East Malaysia as well,” he said.

Clausen added that DiGi is also working with various content providers to package and deliver offerings in a way to enhance customer experience.

“We are also working to improve and change our IT systems, which will change how we do billing among others,” he said.

According to Clausen, at the moment, DiGi’s focus will continue to be on improving its mobile infrastructure, and has no plans to branch out into fixed-line services  yet.

He does not see any synergies, at the moment, by having both mobile and fixed-line service offerings, in terms of cost and customers. However, if the need arises the company will look at this area.

Among it future developments,  DiGi is looking to the upcoming award of the LTE spectrum by the Malaysian Communications and Multimedia Commission.

“We have submitted our business proposal and are now just awaiting the outcome. We are excited about the LTE spectrum and the possibilities that it opens up,” Clausen said.

http://www.theedgemalaysia.com/i ... ormation-phase.html

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发表于 2011-7-1 20:58 | 显示全部楼层
本帖最后由 ss2020 于 2011-7-1 21:00 编辑

斥资7亿提升数据业务 数码网络照派高股息
数码网络(Digi,6947,主板基建股)全年斥资7亿令吉,重点发展和提升数据业务,总执行长亨得利克劳森大派定心丸,表示巨额的资本开销不会影响股息政策。

总执行长亨得利克劳森在接受《南洋商报》专访时表示,数码网络在今年拨出7亿令吉扩展经费,并投资在巩固和现代化数据网络。

“整个提升计划浩大,料折旧减值会对未来数年的净利构成影响,但并不会因此改变派发净利 80% 利息的政策。”

上述计划是与中国中兴通讯机构(ZTE Corp)携手合作,建立一体化流动网络(unified mobile network),以取代现有的平台。

据述,通过一体化流动网络,可从单一基点发送2G和3G服务,而4G频谱装置也将按装在内,随时可以启动服务。

“一体化流动网络将会在未来的两年内,取代现有5000个发射基点,也会持续建立新的基点,以达到更高的覆盖网络。”

不影响流动资金
亨得利克劳森不透露该计划耗资多少,只表示并无超越今年的拓展预算。

“虽然计划限制了未来数年的净利赚幅,但却不会影响流动资金和派息率。”

对数码网络来说,这项巨款投资或许会影响业绩记录,但长远来看,这是一项保值的投资。

“提升工作完成后,有信心业绩将会随着更高品资的数据服务而增加。”

他指出,单一基点启动后,可以省下一笔维修和成本费用,也是节约能源的活动。

“成本减低后,我们可就此推出低廉但高品质的数据配套吸引客户,拉高未来赚幅。”

已为4G服务做好准备
多样化业务经营方式是电讯业者增加收入来源的策略,但对于数码网络来说,专注才是维持赚幅的方法。

亨得利克劳森道:“目前,我们没有拓展海外,或涉足固定网络的计划。”

获4G执照机会浓
“市场竞争虽激烈,但我们并不因此把业务拓展至固定网络上,或有踏出大马的打算。”

他认为,与其投入不熟悉的市场和领域,不如专心把现有业务做得更好,譬如说时刻保持在业绩尖端,为未来趋势做好准备。

“4G执照有望在明年派发,我们也呈交了计划书,加上一体化流动网络内已装上4G频谱装置,我们已为4G作好万全的准备。”

“我相信,数码网络夺标的机会很大。”

针对市场出现新进竞争者,亨得利克劳森并不认为这是负面的事情,反而刺激成长。

“竞争的确是增加了,但证明了数据市场很有生命力,我相信每个业者都有自己的生存策略。”

认为未达饱和状态 语音服务仍有利可图

虽然数据服务贡献将越见显著,但亨得利克劳森却不认为,语音领域正如业界传言般已达饱和状态。

“集团目前最大的贡献者还是语音业务。事实上,大马市场许多人拥有超过一张手机sim卡,语音领域仍有增长的空间。”

此外,区域如通讯覆盖网络发展仍未达完善的西马,仍有利可图,只不过语音领域未来增长率预料不会令人惊喜。

他指出,从已成为语音业务客户下手,通过过去服务使用体验,让他们也成为数据业务的支持者。

“这是我们扩大市占率的策略之一。”

根据资料,数码网络目前的市占率介于26%至27%间。

“10年前,我们的市占率不超过5%,而向来的涨幅也很稳定。我们没有一定目标,但要求做到稳定向上。”

提升覆盖率吸引客户 数据服务是未来重心

亨得利克劳森表示,数码网络未来重心将放在数据服务上,并从提高覆盖率下手吸引更多客户。

“我们目标从目前的50%覆盖率,在今年底前提升至63%,然后在不久的未来迈向80%。”

虽然数据服务去年总营业额贡献仅占27%,但随着智慧型手机、iPhone 和 iPad 的崛起,数据服务近两年的增长率节节上升,无疑是本地电讯业者未来的发展方向。

他说,虽然数码网络较同行迟推出数据服务,如手机上网数据配套、3G网络等,但发展进度却不落后于同行。

“数码业务的潜能很大,但我们不定下数字上的目标。肯定的是,我们会通过提升覆盖率、推出符合需求的数据配套来求进步。”

中國報/財經 26/6/2011

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发表于 2011-7-4 11:02 | 显示全部楼层
DiGi's upgrade plans
By Goh Thean EuPublished: 2011/07/04




Shah Alam: DiGi.Com Bhd, the country's third largest mobile operator, will embark on a transformation journey vital for its survival in the ultra-competitive industry over the next 12 to 18 months.


The transformation agenda started last year when Henrik Clausen, DiGi's latest chief executive officer, joined the company. It will cover three areas - network, information technology (IT) system and distribution.

"Without the transformation, we would lose out and die. So, in order to drive growth, we need to transform a good company into an even stronger company," Clausen said in an interview with Business Times last week.

Trends are indicating that there will be more mobile phone users consuming data going forward, as more smart phones flood the market as well as the decrease in smart phone prices.

To prepare itself for the trend, DiGi feels the need to swap and upgrade its entire network and equipment. The swapping process is expected to be completed by end of this year.

"When you look at transformation, one of the things you need to focus on is to have an intelligent network. So, we have signed a vendor (China's ZTE) to complete the swap. All these will be 4G ready, everything will be one rack. So, when 4G is ready, it is just going to be a software upgrade," Clausen said.

The next area of transformation would involve upgrading its IT system such as the billing system.

"This is to enable us to respond faster to the market, and to support our business model," he added.

The last area it plans to transform is its distribution, said Clausen.

"We have strong distribution and dealers and we see some opportunities for expanding that model, in areas where its underserved such as the East Coast and other geographical areas.

"On top of that, we need to get retail right, and we also see online distribution becoming more and more part of the game," he said.

Clausen added that the biggest change the industry will experience over the near to medium term is not so much about the declining trend in voice services, the growing demand for mobile data, new services and contents.

Instead, it is about how services will be delivered. "No one is going to stop talking. So, to some extend, voice is the history, present and the future. I think it is more about how that voice experience is going to be supported by the operators.

"Today, a customer's need is quite effectively provided by having a voice platform and data platform. That's how the network has been built. But, if you look at the 4G networks, over time, there will be integrated networks where voice will be data.

"So, at some point in time, that convergence will happen. People will still talk, but the voice experience will be delivered on a data-type platform," he said.


Read more: DiGi's upgrade plans http://www.btimes.com.my/Current ... _html#ixzz1R6N9K9bz

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