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[转贴] [DIGI.COM BHD,持续的市场挑战] - James的股票投资James Share Investing

James Ng
Publish date: Tue, 17 Jul 2018, 12:03 PM

[DIGI.COM BHD,持续的市场挑战]

后付ARPU由于后付用户基数增加到270万而降至76令吉,这主要得益于从预付转换到后付的持续增长。与去年同期(2017年第二季度分别为-13.9%和-3.7%)相比,预付收入下降幅度收缩至-5.7%和-2.9%,这主要得益于预付的互联网收入增长以缓解传统预付语音和messaging服务收入的衰落。预付ARPU稳定在32令吉,而预付用户基数跌至900万,原因是持续预付转换到后付和更加注重以互联网为中心的消费。服务收入同比增长2.1%,这主要得益于强大的后付增长以及预付带来增强的互联网使用率,但因为预付传统服务的收入减少以及2018年1月1日起移动终止费率修订的影响受到挫折。

用户群减少至1166万,加上互联网普及率提高到75.1%,ARPU持续为42令吉,尽管受到激烈的价格竞争和传统语音和短信服务的淡化的挑战。与上一季度相比,由于其他收入相对较低,设备和其他收入减少了12.1%。 Opex同比增长3.0%(包括去年一次性节省的影响)。

前景:
尽管2018年下半年将面临持续的市场挑战,但数码网络将继续致力于改善2018年的服务收入增长发展,将EBITDA利润率维持在46%-47%左右,并将高效的资本支出保持在服务收入的10%-12%。
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我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):

预计公司每年的增长率必须> 14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人,可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

最终决定永远是你的,谢谢。

James Ng
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Postpaid ARPU moderated to RM76 on the back of stronger postpaid subscriber base of 2.7 million, fuelled by increased entry level postpaid subscriptions from continued momentum from prepaid to postpaid conversions. Prepaid revenue decline narrowed to -5.7% year-on-year and -2.9% sequentially when compared to same quarter last year (2Q 2017: -13.9% and -3.7% respectively), backed by stronger prepaid internet revenue growth to cushion the revenue decline from legacy prepaid voice and messaging services. Prepaid ARPU stabilised at RM32 while prepaid subscriber base traced to 9.0 million on the back of continued prepaid to postpaid conversions and sharper focus on internet centric acquisitions. Service revenue grew 2.1% year-on-year fuelled by strong postpaid growth and stronger internet uptake from prepaid amid setback by revenue dilution from prepaid legacy services and effects from mobile termination rates revision effective from 1 January 2018 onwards.

Subscriber base decreased to 11.66 million coupled with higher internet penetration of 75.1% and sustained ARPU at RM42 albeit challenged by intense price competition and dilution from legacy voice and messaging services. Compared with preceding quarter, device and other revenue trimmed 12.1% due to relatively lower other revenue. Opex increase of 3.0% year-on-year included impact from prior year one-off saving.

Prospects:
Albeit with continued market challenges ahead in 2H 2018, Digi will continue to aim towards improving 2018 service revenue growth development, sustaining EBITDA margin around 46% - 47% and delivering efficient Capex between 10% - 12% of service revenue.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

Final decision is always yours, thank you.

James Ng

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