Monday, April 28, 2014

Affin Daily Insight (LV) - 28 April 2014 - DIGI / BONIA / ECONOMY - US OUTLOOK / DMR


Top Calls

Results Note - DiGi.com (BUY, maintain)

- Steady growth ahead

DiGi's 1Q14 net profit of RM485.2m (+47.6% yoy, -11.6% qoq) was inline with expectations accounting for 25.5% of our FY14 forecast. 1Q14 revenue growth and EBITDA margins largely on track to achieve management's FY14 forecast. Capex guidance of RM900m given for FY14 (higher than initially expected) for further LTE rollout and 3G network expansion. Keeping our BUY rating. TP Raised to RM5.72 after rolling forward our valuations to CY15.


Other Calls

Flash Note - Bonia (ADD, maintain)

- A generous reward to shareholders

Economy US Outlook Weekly Wrap (21 25 April 2014)

- Strong durable goods reflect healthy US GDP growth

Debt Market Research

- Volume pickups, following announcement of MGS 10/19 auction



For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

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