New Street Research - CELCOMDIGI BHD (CDB) CelcomDigi (Buy, RM5.6, +43%) Q1 25 Quick Take: Topline recovery delayed by prepaid softness

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New Street Research

Chris Hoare

EUR 8824.00 For Business Accounts Only

CelcomDigi (Buy, RM5.6, +43%) Q1 25 Quick Take: Topline recovery delayed by prepaid softness

Recovery in service revenue trend was delayed by Prepaid competition although prepaid net additions were encouraging. EBITDA growth improved to flat while underlying EBIT was up 6.3% YoY.

22/05/2025 1 EN

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CELCOMDIGI BHD

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New Street Research

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Pan European Telecom Services and Cable
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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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CelcomDigi (Buy, RM5.6, +43%) Q1 25 Quick Take: Topline recovery delayed by prepaid softness

Telecommunications - A Defensive Bet; Rational Competition In The Near Term

Malaysian Telcos Q4 24 review: Soft Q4; guidance suggests recovery on the horizon

The Match Group (MTCH, Neutral, $31 target) New Tinder MAU headwind, HER & more M&A coming + reorganization update

BIDU 1Q25 Results: Restructuring of AI Search to Put Pressure on Ad Revs in the Next Few Quarters

WB 1Q25 Results: Ad Rev Growth Could Remain Flat in 2Q

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