KUALA LUMPUR (July 18): Analysts covering mobile telecommunications network provider Digi.Com Bhd showed mixed reactions for the latter’s target price (TP) forecast and its prospects ahead. “Its subscribers, in both the prepaid and postpaid segments, continued to grow, while blended average revenue per user remained stable. She highlighted that Digi’s revenue was within the firm’s expectations but net interest as well as tax costs were higher-than-expected. “As such, we cut our FY22-24 earnings estimates by 7% to 10%, factoring in higher interest and tax costs,” she said. “With Digi’s share price down about 22% year-to-date, much of the 5G downside risks are priced in.

Source: The Edge Markets July 18, 2022 16:49 UTC