Highlights

南洋行家论股

Author: Tan KW   |   Latest post: Fri, 6 Dec 2019, 9:42 AM

 

亚通 海外风险恶化

Author:   |    Publish date:


目标价:3.86令吉
最新进展:

亚通(AXIATA,6888,主板电信与媒体股)收到来自尼泊尔大型纳税者专责单位(LTPO)信函,被告知子公司Ncell需偿还390.6亿尼泊尔卢比(约14.55亿令吉)欠税。 

Ncell必须在7天内,也就是4月22日前支付。亚通称,正与Ncell审阅信函,并考虑采取适当的行动。 

行家建议:

我们原预计亚通今财年会净赚13亿令吉。但如果公司今年就要为此事进行拨备,今财年可能会转亏2亿令吉。

虽然我们仍认为尼泊尔法院的判决不合理,但亚通的监管风险还是恶化了,因为亚通除了可向Ncell卖家Telia追讨一笔数额未明的款项外,便再也没有其他法律途径。

此外,尼泊尔最高法院已裁定,在未尽税务义务前,股息派发和任何Ncell股权脱售皆不被允许。

虽然亚通目前估值便宜,企业价值倍数(EV/EBITDA)仅5倍,但亚通的海外业务风险恶化,加上大马与区域内的电信业务竞争激烈,股价中期前景应会受到压制。

另外,政府有意减少国库控股在官联公司的持股率,也对亚通股价蒙上卖压阴影。

http://www.enanyang.my/news/20190419/亚通br-海外风险恶化/

Share this
Labels: AXIATA

Related Stocks

Chart Stock Name Last Change Volume 
AXIATA 4.20 -0.01 (0.24%) 1,174,700 

  Be the first to like this.
 


 

353  386  464  1057 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 TIGER 0.115+0.025 
 TDM 0.305+0.03 
 PUC 0.05+0.015 
 HSI-C7K 0.265-0.01 
 SANICHI 0.060.00 
 ARMADA 0.465-0.01 
 RSAWIT 0.34+0.04 
 INSAS-WB 0.01+0.005 
 MUDAJYA 0.425+0.005 
 FGV 1.41+0.09 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS

TOP ARTICLES

1. SAPURA ENERGY RECORDS JUMP IN Q3 REVENUE Oil and Gas Malaysia News
2. KRONO - Stock of the Year 2020 The Investment Journey with AlexChong
3. Share that will rise 500% in 2020 Herbert
4. Why should MCA interfere with Utar? - Koon Yew Yin Koon Yew Yin's Blog
5. How and Why Prepare for Recession 2020 How and Why Prepare for Recession 2020
6. We traded SCNWOLF and made RM15,000 profits in nine minutes. The Pelham Blue Fund
7. NETX (0020) THE DISRUPTIVE TECH COMPANY FOR CHANGING TIMES LIKE NOW, Calvin Tan Research THE INVESTMENT APPROACH OF CALVIN TAN
8. Am I a Chinese Chauvinistic? Sslee blog
Partners & Brokers