Wednesday, 14 May 2014

首季业绩稳健 数码网络全年营业额可望成长4-6%

(吉隆坡14日讯)基于数码网络(DIGI,6947,主板基建股)2014財政年首季(截至3月31日止)表现稳健,数码网络首席执行员亨利克劳森有信心,数码网络2014財政年营业额能够取得4至6%的成长。

受到强劲移动网络营业额支撑、成本结构得到改善、和较高资金流动量,亨利克劳森认为,集团在2014年將专注提供更便捷的上网服务,以留住现有1100万名用户和吸引更多新用户。

他表示,公司今年將投入9亿令吉资本开支(CAPEX),以加强它们网络覆盖至86%,包括沙巴及砂拉越地区、增加1500公里长期演进技术(LTE)、延长光纤网络(fibre network)连接,以及改善资讯科技平台能力。

数措施刺激网络使用率对於数码网络的未来计划,他指出,公司將把重心放在移动互联网业务,提供高速连接至更广泛区域、增强数据传输速度和较大容量方案,以刺激用户网络使用率。

「不断地改进互联网技术,主要为了让用户得到更好的网速体验和价值。」亨利克劳森在股东大会上,如此向股东们和媒体表述。

数码网络2014財政年首季(截至3月31日止)税前盈利为4亿8500万令吉,按年上涨47.4%。

数码网络2014財政年首季营业额则按年增加4.23%,至17亿1754万令吉,去年同期为16亿4709万令吉,其中服务营业额则按年成长5.3%。

另外,数码网络首季扣除利息、税项、折旧及摊销前盈利(EBITDA)为7亿7800万令吉,赚幅为45%。

派息6.2仙

配合业绩出炉,该公司建议,派发每股6.2仙的第一次中期免税股息,派发总额为4亿8200万令吉,或相等於99.4%的派息率,已在今日的股东大会上通过。

亨利克劳森表示,数码网络2014財政年將会维持80%股息政策(Dividend Policy),在营业额预期成长4至6%、EBITDA和税前盈利赚幅料改善,公司整体业绩都向好的前提下,派息率將有望高於去年。

「80%股息政策只是我们的基础,今年首季派息率也高达99.4%。」

除此,该公司首席財务员卡尔伊力克(Karl Erik)在股东大会后的记者会上指出,公司2014財政年將会继续受到移动互联网业务的扶持,特別是预付(Prepaid)服务,其移动互联网用户在去年正快速增加。

他指出,预付互联网更为负担得起和具备灵活性;相反,后付(Postpaid)服务用户,每个月固定花费在互联网方面的费用更大。

「后付和预付业务佔数码网络的总业务,分別为15%和85%,而其互联网用户总共有1100万人。」

卡尔伊力克指出,2014財政年的互联网用户將有正面成长,一方面后付互联网业务將在新手机產品的推动下成长;而预付互联网业务也因为其可负担的优势,继续受到用户的青睞。

虽然如此,他认为,公司其实不注重用户人数的多少,重要的互联网的用量大小,现在大部份人都拥有超过1架手机或1张手机用户身份识別(SIM)卡,因此,互联网用量也可相对提振。

另外,卡尔伊力克透露,数码网络並没有搁置设立商业信托架构(BT)的计划,一切仍在计划和商討过程中,而他目前无法给予一个明確的时间。

至於大马通讯与多媒体委员会(MCMC)日前开出11张总值48万令吉的罚单予数码网络,卡尔伊力克指出,从2012年开始,公司一直在改善和提高全马的网络系统,这是整体电信网络变得缓慢或不流畅,及导致公司接获投诉的原因。

但在2014年,公司的网络已经有所改善,他表示,今年的网络通讯將会明显好转。

Source: orientaldaily

PHARMA Q1'14

Tuesday, 13 May 2014

或不延長馬航額外資助 AIR ASIA將成為主要受益者

 (吉隆坡12日訊)隨著政府宣布,不再延長對馬航(MAS,3786,主要板貿易)的額外資助,馬航料將趕緊採取措施以保持現金盈余,亞洲航空(AIRASIA,5099,主要板貿易)將成為主要受益者。

 根據《星報》報導,馬航重組計劃可能會在本月底掀開面紗,並可能會在7月落實。當中可能會涉及公司破產后對債權人採取保護措施的法庭命令,讓馬航與供應商和員工重新商談條約,又或者是減少僱員人數。

 聯昌證券研究指出,如上述般開放的“心臟手術”是馬航相當需要的。在此之前,重組計劃已提出多次,最近一次是在2011年8月。

有望維持穩定盈利

 “如果這是一項新重組政策,馬航將可以自保,我們的預測和目標價等都會提高。但是,前進的道路充滿著風險,在過去14年,馬航讓外界太失望,我們不輕易下定論。我們維持虧損預測,維持減持評級不變,目標價為14仙。”

 亞航在過去3年內,股價下跌了近35%,目前股價低于清算價值(liquidation value)。公司成本架構相當有效,在競爭激烈的本地市場有望維持穩定盈利,該行給予“增持”評級,目標價2.88令吉。

 馬航削減開支,亞航長程(AAX,5238,主要板貿易)雖然也會成為主要受益者,但該行維持“持有”評級,目標價85仙。

 今日閉市時,馬航報平盤21仙,成交量達1386萬9400股;亞航起5仙至2.26令吉,成交量達2126萬8100股及亞航長程起0.5仙至75.5仙,成交量達50萬4500股。

Source: ChinaPress

Thursday, 8 May 2014

AirAsia wins Indian permit to start airline

NEW DELHI: AirAsia's low-cost Indian joint venture airline has won an operating permit, paving the way for the carrier to launch services and increasing competition in a market where most airlines are losing money.

The Directorate General of Civil Aviation (DGCA) issued the air operator permit, the last approval required to launch an airline, to AirAsia India on Wednesday, a senior government official said. AirAsia India Chief Executive Mittu Chandilya confirmed the company had received the permit.

"I can't wait for us to start flying," he told television channels. "We are working on being the lowest cost (airline)."

It was not immediately known when AirAsia India, a three-way venture between the Malaysia-based low-cost airline, India's Tata Group and investment firm Telestra Tradeplace, would start services.

Earlier plans to start the airline in the last quarter of 2013 were delayed, pending the air operator permit.

An airlines industry body, and a politician of India's main opposition Bharatiya Janata party, which is the favourite to form a government after a general election ending this month, had opposed AirAsia's entry into the Indian market.

AirAsia India has said it will offer one of the lowest fares to lure travellers and will rapidly expand its fleet by adding 10 Airbus A320 planes a year. But the entry of a new competitor is not good news for an industry where all carriers except market leader IndiGo are losing money.

High fuel prices, taxes and fees have squeezed existing Indian airlines. The sector lost a combined $1.3 billion in the financial year to March, according to estimates by aviation consultancy Centre for Asia Pacific Aviation (CAPA).

"Domestic airlines continue to be very precariously placed and AirAsia's entry will further challenge the existing airlines," said Kapil Kaul, South Asia CEO at CAPA.

The arrival of new carriers like AirAsia may lead to a price war and will further hurt passenger yields, Kaul said.

Singapore Airlines' joint venture with the Tata Group to start a full-service airline in India is awaiting an operating permit.

India has five operational national carriers and one regional airline. Competition had eased after the grounding of cash-and-debt-strapped Kingfisher Airlines in October 2012.

In 2012, the Indian government relaxed rules allowing foreign carriers to buy up to 49 percent in an Indian airline. Abu Dhabi's Etihad last year bought 24 percent of Jet Airways , the No.2 carrier by domestic market share. - Reuters

Source: TheStar

Wednesday, 7 May 2014

亞航首季業績料持穩

(吉隆坡7日訊)亞洲航空(AIRASIA,5099,主板貿服組)即將在本月20日公佈2014財政年首季業績,MIDF研究預見淨利持穩於1億零500萬令吉。
整體而言,MIDF保持亞航目標價3令吉47仙不變,給予“買進”評級,但補充如今正檢討亞航目標價中,為反映領域基本面,亞航目標價最終很可能被調低。(星洲網)

Source: sinchew