Monday, 11 November 2013
DiGi’s Albern Murty takes on COO role
KUALA LUMPUR: DiGi Telecommunications Sdn Bhd unveiled a refreshed organisation structure and senior management line-up, which will see Albern Murty taking the role as chief operating officer (COO).
Albern, who is currently the chief marketing officer, will take on the new role with effect from Jan 1, 2014.
Christian Thrane, currently chief strategy & corporate affairs Officer (CSCAO), will be DiGi’s new chief marketing officer (CMO).
DiGi will have an enhanced focus on driving its sales, distribution and channel management functions under a new division with Loh Keh Jiat, currently head of channels & regions, lead this new division.
DiGi said the new structure would take it into the “next phase of its transformation, fuel future growth by ensuring deeper business and customer focus, and drive stronger cohesion throughout all parts the organisation”.
Its chief executive officer Henrik Clausen said over the past two years DiGi had executed sharply on its company-wide business transformation programme.
He said this resulted in significant improvements in its network and IT assets, go-to-market ecosystem, and building a people-focused and performance-driven culture.
“Looking ahead, we believe the key changes that we are putting in place will enhance the way we go-to-market, strengthen our overall ability to deliver on our Internet For All mission, and lead our employees through the next phase of our evolution,” Clausen added.
The new management structure consists of a change of roles for two key executives, and the addition of a new role in the senior management team.
Albern’s overall mandate is to plan and manage the company’s entire technology and product development value chain, enhance go-to-market readiness and customer focus.
Thrane will be responsible for driving market innovations and revenue growth for the company by leading the strategic development and implementation of core consumer and business products, and internet and digital services offerings.
For Loh, as chief sales officer, he will be responsible for leading the development and implementation of distribution and channel strategies for consumer and business customer segments.
Saturday, 2 November 2013
Tough call for DiGi
DiGi.com Bhd is expected to achieve a profit of between RM1.4 bil and RM1.6 bil for FY2013 because of the typically challenging Q4 performance, despite having posted better profits in Q3, analysts say.
DiGi reported a comprehensive gain in the third quarter ended Sept 30, led by growth in the non-SMS data and prepaid market, according to analysts. For Q3, the telco posted a higher net profit of RM446.71 mil, from RM315.37 mil, on an improved revenue of RM1.70 bil.
For the nine months, DiGi’s net profit was RM1.16 bil. However, analysts forecast a net profit of no more than RM400 mil for Q4 compared with the preceding quarter, given that historically, the telco registers lower earnings for this period.
BIMB is forecasting that the telco will achieve an annual profit of only RM1.4 bil, a RM195 mil increase from 2012 results.
BIMB Securities analyst Thong Pak Leng adds that DiGi has never achieved more than RM400 in net profit for Q4.
“[DiGi’s] Mobile Internet and smartphone penetration have reached 60.2% and 34% [in Q3] respectively vs q-o-q’s 60.1% and 30.4% respectively. We expect this will continue to grow, with the current changing trend and higher affordability of smartphones,” he says in his report.
“Unless it has a tax writeback waiting, chances are not high that it will reach its targeted profits,” he adds.
While the GST takes effect only in FY2015, analysts say it will be a challenge for DiGi to compete with the other major telcos especially Maxis Bhd, now headed by former DiGi CEO Morten Lundal.
Friday, 1 November 2013
Caring IPO Ballot Results
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| Bumi category |
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| Public category |
For public portion, the chance is very slim. The highest chance only 15%! Good luck for those applied.
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