CIMB Equities Research has upgraded DiGi.Com Bhd from Reduce to Hold after a 14% decline in share price year-to-date.
KUALA LUMPUR: Digi.Com Bhd's earnings improved on a quarterly basis in the first quarter ended March 31, 2016 to RM399.04mil despite a dip in revenue as it made stronger inroads into the postpaid markets.
The telco said on Friday the earnings were up 4.5% from the RM382mil in the fourth quarter ended Dec 31, 2015 (Q4, 2015). Total revenue dipped 4.2% to RM1.653bil from RM1.725bil.
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