DIGI (DIGI MK) 2Q18 Results Show Continued Revenue Growth on Rising Internet Use.

Malaysian Telcos. 2Q18 Was a Good Quarter for Mobile Operators. But Can It Last?

DIGI 3Q18 Results Look a Bit Weak as the Sector Stumbles (Again)

Axiata Guidance Hit by FX Changes (Strong Ringgit). Underlying Business Performing Well (Mostly)

Malaysian Operators Show Signs of Improvement but Challenges Remain

Telekom Malaysia Disappoints on Results and 2018 Guidance

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Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

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Equity Bottom-Up

<p>As we saw in 4Q17, market conditions for the Malaysian telcos have been more benign than <a href="https://www.smartkarma.com/profiles/1917" target="_blank" data-smartkarma-citation="accounts:1917">Chris Hoare</a> had previously feared. Competition eased again in 1Q with the challenger, U Mobile, apparently less aggressive (rumors of an IPO being planned). Aggregate revenue growth remains negative for the three incumbents at -1.4%, but is better than the -4% reported 18 months ago.</p><p>However, it was not all good news. <a href="https://www.smartkarma.com/entities/944" target="_blank" data-smartkarma-citation="entities:944:1">Axiata's (AXIATA MK)</a> domestic subsidiary, Celcom, saw its nascent  turnaround story come to…</p>

As we saw in 4Q17, market conditions for the Malaysian telcos have been more benign than Chris Hoare had previously feared. Competition eased again in 1Q with the challenger, U Mobile, apparently less aggressive (rumors of an IPO being planned). Aggregate revenue growth remains negative for the three incumbents at -1.4%, but is better than the -4% reported 18 months ago.However, it was not all good news. Axiata's (AXIATA MK) domestic subsidiary, Celcom, saw its nascent  turnaround story come to…

Malaysian Telcos: Mixed Performance as Axiata Struggles While Maxis and DIGI Show Improvements

Axiata Group

Malaysian Telcos: Mixed Performance as Axiata Struggles While Maxis and DIGI Show Improvements