CelcomDigi is expected to deliver stronger operating expense savings after the completion of its IT platform upgrade in 1Q next year, RHB IB analyst Jeffrey Tan says in a note. He expects earnings to grow 18.4% in 2027 after a 2.20% decline this year, supported by lower operating costs and greater migration of mobile traffic to the 5G network. While the ongoing upgrade of its billing and customer management systems carries some execution risks, it is expected to improve pricing flexibility and commercial execution, he adds. RHB cuts CelcomDigi's target price to 3.50 ringgit from 3.60 ringgit, while maintaining a buy rating on the stock. Shares are 0.3% lower at 2.86 ringgit. (yingxian.wong@wsj.com)
Dow Jones Newswires
CelcomDigi Looks on Track to Capture Greater Opex Savings — Market Talk
- Sources
- Dow Jones Newswires
- Markets
- Stocks
- Active symbols
- MYX:CDB
- Language
- English
CelcomDigi is expected to deliver stronger operating expense savings after the completion of its IT platform upgrade in 1Q next year, RHB IB analyst Jeffrey Tan says in a note. He expects earnings to grow 18.4% in 2027 after a 2.20% decline this year, supported by lower operating costs and greater…