Latest news with #CelcomDigiBhd
New Straits Times
02-07-2025
- Business
- New Straits Times
CelcomDigi starts issuing LHDN-compliant e-invoices for customers
KUALA LUMPUR: CelcomDigi Bhd customers can now obtain e-invoices that comply with the Inland Revenue Board's (LHDN) requirements effective July 1. CelcomDigi said the implementation supports LHDN's initiative to digitalise tax administration and provides customers with a more efficient and transparent way to manage their transaction records. "The e-invoice is applicable only to transactions made directly with CelcomDigi, including purchases made via the CelcomDigi website or mobile apps. "For transactions conducted through dealers, resellers, or third-party platforms, customers should request e-invoices directly from the respective providers, if available," it added. Customers are required to complete a one-time registration at the CelcomDigi e-invoice Portal using their tax identification number, which can be obtained from the MyTax Portal. For postpaid customers, registration with a billing account number is necessary to receive monthly e-invoices automatically via email. For prepaid users, device purchases, or one-time transactions, customers must submit an e-invoice request through the portal by the third day of the month following the transaction. For example, an e-invoice for a transaction made on July 12 must be requested by Aug 3.
New Straits Times
09-06-2025
- Business
- New Straits Times
Telco sector tracks estimates in 1Q, Kenanga maintains 'neutral' view
KUALA LUMPUR: Kenanga Investment Bank Bhd has maintained its "neutral" rating on the telecommunication (telco) sector after companies under its coverage delivered the first quarter of 2025 (1Q 2025) performance that largely tracked estimates. In a note today, the investment bank said sequential earnings delivery presented a mixed outlook with 17 per cent of companies exceeding expectations, while 83 per cent met expectations. It said service revenue for domestic mobile network operators contracted by 0.9 per cent year-on-year (y-o-y), primarily dragged by CelcomDigi Bhd's (CDB) prepaid subscriber churn as the company strategically moved away from one-time prepaid subscriber identity module users. Meanwhile, sector core earnings declined 13 per cent y-o-y, also largely stemming from CDB, given the absence of tax reversals seen in the prior year. Quarter-on-quarter trends for the mobile segment were largely within expectations, said the report. It said the net additions were supported by strong postpaid momentum, while prepaid remained volatile but improved sequentially. "Average revenue per user (ARPU) was stable for CDB, whereas Maxis Bhd saw a decline following a shift in revenue recognition for its Maxis Device Care programme," it added. Conversely, in the home fibre segment, Kenanga Investment Bank expressed concern over the broad-based sequential decline in net additions and ARPUs -- except for Time dotCom Bhd, and in particular, Telekom Malaysia Bhd, which experienced the steepest ARPU drop, attributed to aggressive price discounts. "Given this is the 1Q where we see widespread competitive pressures, we maintain a wait-and-see approach," said the report. The investment bank added that optimism is underpinned by all telcos maintaining their financial year 2025 earnings guidance, suggesting a potential recovery in the coming quarters. It said Telekom Malaysia and Time dotCom remained the investment bank's top picks in the sector, with respective target prices of RM8.15 and RM5.91, while the research house awaited further clarity on Malaysia's 5G dual network policy.
The Star
31-05-2025
- Business
- The Star
CelcomDigi answers call for growth
DESPITE reporting encouraging results for the first quarter ended March 31, 2025 (1Q25), CelcomDigi Bhd isn't resting on its laurels. It's keeping its plate full as it continues to build on the mega merger two and half years ago. The latest figures show its net profit and revenue inching up 2% and 1.2% year-on-year (y-o-y) to RM383.8mil and RM3.21bil, respectively. Chief executive Datuk Idham Nawawi acknowledges that the group's performance has been uplifting, although more work lies ahead.
New Straits Times
23-05-2025
- Business
- New Straits Times
CelcomDigi core earnings set to accelerate, driven by integration gains
KUALA LUMPUR: CelcomDigi Bhd's core earnings growth is expected to accelerate to 11 per cent and 25 per cent in financial year 2026 (FY26) and FY27, from four per cent in FY25. RHB Investment Bank Bhd (RHB Research) said this is driven by the tapering off of integration-related costs, the realisation of stronger synergies and improving commercial execution. The firm also noted that CelcomDigi has reaffirmed its steady-state pre-tax savings target of RM700 million to RM800 million post-FY27. For FY26, CelcomDigi expects low-single digit growth in service revenue, low-to-mid single digit earnings before interest and taxes (EBIT) growth and capital expenditure-to-sales of 14-16 per cent. "We see integration cost tailing off in FY25 with the network integration coming to a close," the firm said in a research note. "With the improvement in commercial execution and greater extraction of merger synergies, we see core earnings growing at a compound annual growth rate (CAGR) of 18 per cent for FY25-27," it added. According to RHB Research, CelcomDigi has completed about 80 per cent of its network integration as at end of first quarter of 2025 from 75 per cent in the fourth quarter of 2024. "We see some challenges in integrating the remaining 20 per cent of the sites due to extended discussions with Digital Nasional Bhd and site owners with some slippage in integration timeline to the second half (Q1) of 2025," it added. The firm said the company has booked RM300 million in integration cost since the merger started, out of the RM527 million in total integration cost including capital expenditure (capex). Meanwhile, integration cost in Q1 totaled RM63 million, of which RM41 million is operating expenditure (opex)-related and the remainder on capex (RM22 million). The firm noted that the Q1 capex of RM148 million was low, representing just 5.0 per cent of revenue, but expected to increase over the next few quarters – in line with the IT platform upgrades. RHB Research kept its 'Buy' call on CelcomDigi with a target price of RM4.40 a share.
The Sun
22-05-2025
- Business
- The Sun
CelcomDigi posts resilient Q1 results, declares 3.7 sen interim dividend
PETALING JAYA: CelcomDigi Bhd delivered resilient results for the first quarter of financial year 2025 (Q1'25) with growth in revenue and profit after tax (PAT) while its core business stabilised. This achievement, CelcomDigi said in a statement today, sets the company in the right direction for sustained profitable growth as the nation's largest mobile network operator. Total revenue grew 1.2% year-on-year (y-o-y) to RM3.209 billion, while earnings before interest and tax (Ebit) registered growth of 21.3% y-o-y to RM696 million, and PAT improved 4.6% y-o-y to RM388 million as a result of prudent cost management in trimming operational expenditure and lower depreciation and amortisation. Adjusted for non-recurring items (severance packages in Q1'24 and rights-of-use impairments in Q4'24), Ebit would have been RM758 million, while PAT was at RM434 million. The company declared a first interim dividend of 3.7 sen per share, in line with its sustainable dividend commitment to shareholders. Integration and transformation initiatives progressed as planned across network, IT and retail, with intensified efforts in driving customer and operational excellence across the organisation. CelcomDigi's network integration and modernisation reached about 80% completion as of end-March 2025, with six states completed. The company continued to ramp up IT consolidation activities, with 28 out of over 50 systems integrated to date, with a target of achieving approximately 75% of systems integrated by year end. This will enable seamless, personalised digital experiences at scale for its customers, and will strengthen the company's customer positioning. CelcomDigi's retail transformation continued to advance, with over 50 new digital-concept stores launched to date, resulting in higher sales productivity and enhanced customer engagements. CelcomDigi is now embarking on the next phase of transforming more than 300 exclusive partner stores. Upon completion, the company will form one of Malaysia's largest branded retail chains of digital products distribution, well-positioned to support Malaysians' evolving digital lifestyles. As a flow-through of cost efficiencies from these integration initiatives, the company remains on track to deliver steady-state annualised cost savings of around RM700 million to RM800 million post-2027. CEO Datuk Idham Nawawi said, 'We are pleased to report an encouraging start to 2025, with our first quarter performance delivering growth in revenue, Ebit, and PAT. This reflects the continued strength of our core business and disciplined execution of our strategic priorities. 'We are progressing well in creating pathways for sustained profitable growth through four strategic focus areas – solidifying market leadership, enhancing customer experience, driving operational excellence, and investing for the future. Our prioritisation on customer and operational excellence continues to underpin our performance, supported by ongoing investments in enhancing our network infrastructure, technology platform capabilities, and talent bench strength, alongside disciplined cost management. 'With these efforts, we are well-positioned to deliver long-term value to our customers and stakeholders, and to compete effectively in a dynamic and competitive market.'
