I hope that the impact of the recent sharp decline in the US stock market will continue, causing the price of Redtone to drop to a more affordable level for entry.
Ways redtone can improve further 1) be more generous with dividend. 1.8sen last time is reasonable, but now company making so much money, it is super kedekut 2) move to Main board. finally underway after so long 3) dispose loss making IDS division. company bottom line will improve further 4) sell or rent out their vacant properties. it is not generating any income left idle
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.
Govt to ensure Digital Nasional Bhd (DNB) is managed more transparently and inclusively to achieve full participation by telcos and provide comprehensive 5G coverage at a reasonable price for the people. At end-2022, DNB has reached 50% coverage of populated areas, and is targeted to reach 80% coverage by end-2023.
We don't need assurance. We need absolute implementation without any reverse gears. In Malaysia, it is always about proclamation without implementation. Creating false hope.
europe market have been effected by d SVB event .. havbe to wait europe and US market bottom 1st.. now i guess should not keen buy in redtone .. wait for next discount ..
i lari dulu ... wait for super discount ... so many rubbish stock will spoil d market sentiments.. like Mxxg , Hexxxxx , cxm, pertxxx , and sfptxxx may start to drop..
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....
wkkht
957 posts
Posted by wkkht > 2023-02-22 09:13 | Report Abuse
FINANCIAL SUMMARY
SYMBOL & CODE REDTONE (0032)
CURRENT QUARTER Q2 2023
PAST REPORTS
Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021
CONSOLIDATED INCOME STATEMENT
Individual Period Cumulative Period
31 Dec 2022 31 Dec 2021 31 Dec 2022 31 Dec 2021
RM'000 RM'000 RM'000 RM'000
REVENUE
53,590 KLSE Quarter Report(+33%)
40,393
95,643 KLSE Quarter Report(+21%)
78,915
PROFIT/(LOSS) BEFORE INCOME TAX
24,747 KLSE Quarter Report(+56%)
15,914
42,000 KLSE Quarter Report(+48%)
28,366
NET PROFIT/(LOSS)
21,400 KLSE Quarter Report(+95%)
10,980
35,352 KLSE Quarter Report(+86%)
19,017
BASIC (BASED ON ORDINARY SHARES - SEN)
2.76 KLSE Quarter Report(+94%)
1.42
4.57 KLSE Quarter Report(+86%)
2.46
DIVIDEND PER SHARE (SEN)
0.00 KLSE Quarter Report
0.00
0.00 KLSE Quarter Report
0.00
NET ASSETS PER SHARE (RM)
0.322 KLSE Quarter Report(+35%)
0.239