CelcomDigi – Q1 25 Quick Take: Topline recovery delayed by prepaid softness
What’s New: 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. Management reiterated its FY25 guidance and for it to work, ARPU needs to stabilise given that prepaid subscriber base is now rising again. In terms of shareholder remuneration, the company proposed a quarterly dividend of RM 3.7sen, which is unchanged from previous quarter.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.