CelcomDigi Remains Attractive Among Peers, Analysts

Quick Summary:

RHB Investment Bank Bhd (RHB Research) and CIMB Investment Bank Bhd (CIMB Securities) have both maintained their BUY calls on CelcomDigi Bhd, with CIMB retaining its discounted cash flow-based target price of RM4.10, citing sustained core profitability despite a high effective tax rate and ongoing integration costs.

Integration expenses amounted to RM21 million in the quarter, balanced by RM20 million in synergy savings.

By the end of the first quarter, the telco had completed 78% of its network integration and modernisation efforts, keeping it on schedule for full completion by the second half of the year.

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Article Details

Category: InvestingBusiness

Markets: MalaysiaMali

Topics: Markets Celcomdigi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 04:35:01 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Today

News ID: 28921069

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