Wednesday, 27 March 2013

Potential trading opportunities in DiGi, said Maybank IB

PETALING JAYA: Trading opportunities for DiGi Bhd might emerge as the distribution of DiGi shares by Time dotCom nears completion, said Maybank Investment Bank.

In a report issued on Wednesday, it said any further price weakness would represent a buying opportunity.

“DiGi has been particularly hard-hit in 2013 by profit-taking (-13% year-to-date) after outperforming peers in 2012. Our earnings forecasts and discounted cash-flow-based target price of MYR4.85 are unchanged,” it said. 

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