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NewsHong Leong Invt lifts DiGi to 'hold'
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Hong Leong Invt lifts DiGi to 'hold'
by hlk Mon 23 Apr 2012, 14:07
Hong Leong Investment Bank Research upgraded DiGi.com Bhd to "hold" and raised its target price to RM3.77 per share from RM3.17 previously, citing positive outlook ahead for the country's No.3 telco.
"Mobile internet growth, margin improvements from its network sharing with Celcom and further capital management could see additional returns to shareholders," the broker said in a research note on Monday.
Hong Leong said DiGi's network sharing with Celcom was executed well and the cost savings from the collaboration was expected to materialise more significantly in the second half of this year. -- Reuters
"Mobile internet growth, margin improvements from its network sharing with Celcom and further capital management could see additional returns to shareholders," the broker said in a research note on Monday.
Hong Leong said DiGi's network sharing with Celcom was executed well and the cost savings from the collaboration was expected to materialise more significantly in the second half of this year. -- Reuters
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