This is because Taiwan and China Conflict scare off all foreign investors, they seek refuge in Southeast Asian stocks market , and klci gain. Btw Election is coming soon to goreng again ... hehe
After 3 years pandemic already end, next year onwards surely is the years of recovery and economy start booming time ! Like previously economy downturn period of: 1)Crisis 1986-1990 start booming 1993 to 1997 2)Crisis 1997-2000 start booming 2003 to 2006 3)Crisis 2006-2010 start booming 2013 to 2016 4)Crisis 2016-2022 start booming 2023 to 2027
So, our economy and KLSE will be spike up like mad start from year 2023 which is next year and i predict our KLSE this round of bull run start 2023 will hit it’s record high of around 2,000 points !
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 Axiata will be limit up already liao lah !
Another GLC does not know how to make biz with profits. Selling stake of profitable biz Celcom and edotco and keep losing biz in their book. Must learn from Maxis and Digi
Axiata Group Bhd, Telenor Asia Pte Ltd and Digi.com Bhd (Digi) have completed the merger of the telecommunications operations of Celcom Axiata Bhd and Digi.
Axiata said in a filing with Bursa Malaysia today that it and Telenor would hold equal ownership in Celcom Digi at 33.1 per cent each.
On completion, Axiata received newly issued Digi shares representing 33.1 per cent and cash of RM2.5 billion funded by Digi and to be assumed by the merged entity (Celcom Digi).
Digi also issued shares to Telenor to reach equal ownership following Telenor’s payment of RM300 million to Axiata.
The parties said through a combination of scale, competencies, financial strengths, and experiences in serving the diverse needs of Malaysian consumers, Celcom Digi would present a solid proposition to propel the nation’s transition towards a digitally enabled high-income society.
"On behalf of the board of Axiata, I congratulate the Celcom Digi team on this new beginning. It is the culmination of months of meticulous integration work to create Malaysia’s digital champion.
"Moving forward, I am confident that Celcom Digi is well placed to serve Malaysian consumers and enterprises seeking to step up on digital competitiveness in the current era
Axiata announced a special tax-exempt dividend of four sen per share, following the completion of the Celcom-Digi merger on Nov 30. @wongsam16, does this mean there will be two times paying the dividend totalling 9 sen?
Axiata has received a cash consideration of RM2.5 billion from Digi.Com Bhd and RM300 million from Digi’s parent company Telenor Asia Pte Ltd, as part of the transaction.
@arrifin, i read that you just joined this forum today but you have invested in a few counters already. how many shares do you own in Axiata? where are you working?
The merger of Celcom Axiata Bhd and Digi.Com Bhd’s telco operations have been completed. With the merger completion, Axiata and Telenor now have equal ownership of 33.1% each in the newly-merged entity named Celcom Digi.
Through the combination of scale, competencies, financial strengths, and experiences in serving the diverse needs of Malaysian consumers, Celcom Digi presents a solid proposition to propel the nation’s transition towards a digitally enabled high-income society.
Axiata Group Bhd’s chairman Tan Sri Shahril Ridza Ridzuan said Celcom Digi is strategically poised to invest in network expansion and support the growth of Malaysia’s digital ecosystem.
31st december 2021, epf bought many tickets at above RM4 last minutes, then started to sell from Jan 2022 onwards until dropped to 2.35, when can sell those above RM4 tickets?
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.
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....
wongsam16
179 posts
Posted by wongsam16 > 2022-07-31 20:07 | Report Abuse
Election is coming, around the corner..