Malaysian Telcos Ex-Growth? Competition Is Squeezing the Top Line.
The Malaysian cellular incumbents are struggling and 2Q16 shows no letup. The decline in market service revenue accelerated in 2Q to -5.2% YoY....
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Emerging Market Telecoms: Returns Have Bottomed. Outlook Improves.
Returns in emerging market wireless telecoms have bottomed as the sector takes a capex holiday after the 4G roll-out. We continue to like...
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DIGI: Service Revenue Growth Remains Negative. Stocks Rallying into Rising Competition.
The first Malaysian Telco to report 2Q16 numbers was Digi.Com Bhd (DIGI). While results were in line with estimates, they do show declining revenue...
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Malaysian Telcos Flounder as Competition Increases
The big three Malaysian operators saw further top line deterioration in 1Q16 with market share drifting to U-Mobile. We view the market as having...
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Digi.com - Don't Call Me, I'll Call You
Time dotCom plans to raise US$75 by selling what appears to be its remaining stake in Digi. The sell down seems to be a clean-up trade. Its...
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