Wednesday, 3 April 2013 sees 143.8m shares traded off-market

KUALA LUMPUR: Bhd's 143.81 million shares were transacted in an off-market deal on Wednesday.

Stock market data showed the shares, accounting for a 1.849% stake, were traded at an average price of RM4.57 each. Its paid-up is 7.775 billion shares.

At 3.03pm, DiGi was up two sen to RM4.59.

The FBM KLCI was down 9.08 points to 1,675.92. Turnover was 965.62 million shares valued at RM1.91bil. Losers beat gainers 715 to 131.

DiGi's largest shareholder is Telenor ASA with 3.809 billion shares or 48% followed by the Employees Provident Fund Board with 1.225 billion units while Blackrock holds 87.23 million shares. 

'Telco EBITDA to slide to 41.4pc'

HWANGDBS Vickers Research expects the Malaysian telecommunication industry's margin earnings before interest, taxes, depreciation, and amortisation (EBITDA) to slide to 41.4 per cent this year.

It said lower voice and short message service (SMS) revenues would place pressure on the industry.

"We expect the prepaid and postpaid market share for Maxis and Celcom to decline, though DiGi should still be able to grow its subscriptions through its revised plans for entry-level subscribers.

"Our current subscription growth assumptions on DiGi, Maxis and Celcom are 9 per cent, 2 per cent and 4 per cent, respectively," it said.

The research house also noted that a one per cent change in EBITDA margin would change the industry's earnings for the 2013 financial year by four per cent.-- Bernama

Read more: 'Telco EBITDA to slide to 41.4pc'


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