Telco license will be opening up to foreign telco companies. Be prepared for heating up pricing competition between local and/or foreign telco companies!
Fed rate hike: US interest rates hit 14-year high in inflation battle * By Natalie Sherman * Business reporter, New York 21 September 2022, 19:01 BST https://www.bbc.com/news/business-62973376.amp
The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world's largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are expected to climb more - and remain high, the bank said. The move comes despite mounting concern that the cost of controlling inflation could be a harsh economic downturn…
Wow, Fed Hikes Interest Rates 0.75 % lifting the target range to a record high of 3% to 3.25% Like that today Maxis will be limit up already liao lah !
MAXIS flies! 4.11 high at the time of writing. Took 20% partial profits as I averaged down to lower my average cost down to 3.88. Hope the last 2 digit will bring more good luck to come!
KUALA LUMPUR: Axiata Group Bhd is placing the emphasis on operational resilience and sound business fundamentals as it accelerates its pace towards achieving technology company (TechCo) status. "Building up our digital core remains our focus as we progress towards our goal of becoming The Next Generation Digital Champion.
"Following our net-zero emissions and science-based target commitments last year, Axiata has put in place the governance structures and resources to strengthen and oversee matters relating to sustainability within the group including areas of digital inclusion and climate action," said chairman Tan Sri Shahril Ridza Ridzuan in a statement. According to the group, some of the key actions of resilience taken include the continued reduction of forex exposure, increased hedging activities, reduction of capex, and zero-based costing. "Given these proactive measures, we are targeting mid-single digit revenue growth and high single-digit earnings before interest and tax (Ebit) growth in 2023," added joint acting group CEO Vivek Sood. Announcing its earnings for the 2022 financial year, the telco group said it recorded a net profit of RM9.77bil, nearly 12 times the net profit of RM818.9mil in the previous year as it took into account a RM13.5bil one-off net gain on the Celcom-Digi merger. The group's earnings per share rose to 106.4 sen as compared with 8.9 sen in 2021.
Axiata said the improved bottomline was offset by higher depreciation and amortisation, taxes, net finance cost as well as goodwill impairment. Earnings before interest, tax, depreciation and amortisation (Ebitda) meanwhile increased 9% year-on-year (y-o-y) to RM12.4bil. The group reported revenue of RM21.73bil, which was 8.66% improved over the 2021 period, with higher contributions from all operating companies (OpCos) except Dialog and Ncell. In line with its performance, the group declared a second dividend of five sen a share, which took the overall dividend payout to 14 sen a share in 2022. Over the course of 2022, Axiata said it continued to drive cost excellence by achieving a capex savings of RM1.07bil. The group closed the year with a robust balance sheet as gross debt/Ebitda decreased to 2.9x compared to two previous quarters. This was owing to the higher debt to fund the Link Net and ISOC Philippines tower acquisitions, which was subsequently normalised by the proceeds from the completed mergers and acquisitions. The group reported a healthy cash balance of RM7.5bil. Joint acting group CEO Hans Wijayasuriya said the group's performance was owing to a multi-faceted response by Axiata to the macro headwinds. "The group built resilience and operational muscle while seeding platforms for profitable growth. "FY23 will be equally decisive, presenting opportunities and challenges associated with execution excellence and structural transformation, potentially on the backdrop of global macro headwinds," he added.
Dear XXXX XXXX XXXX,You have reached 70% of yr credit limit (Maxis a/c no:XXXXXXXXXX, RMXXX.XX). Please remit payment to avoid service interuption. To pay, click Maxis Care Portal at https://care.maxis.com.my/ OR for Hotlink Postpaid, go to Hotlink Care Portal at https://selfserve.hotlink.com.my/ or online banking with JomPAY (Biller Code 1123) or WhatsApp at +60123451123. Please disregard this email if payment has been made.Thank you.
When I called them to investigate whether a third party had been making unauthorised charges to my account, they said that they were having "system issues" and that I should ignore the email.
According to the BBC, in September last year, "Australian telecommunications giant Optus revealed about 10 million customers - about 40% of the population - had personal data stolen in what it calls a cyber-attack."
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
James_Bond
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Posted by James_Bond > 2022-09-03 10:05 | Report Abuse
Telco license will be opening up to foreign telco companies. Be prepared for heating up pricing competition between local and/or foreign telco companies!