Merger synergies to drive CelcomDigi re-rating- RHB

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PETALING JAYA: RHB Research expects CelcomDigi Bhd's stronger commercial execution and realisation of merger synergies to drive a re-rating of the stock, even as the group steps up investment in information technology (IT) system upgrades that will raise near-term costs.

Nevertheless, RHB Research said CelcomDigi is committed to delivering steady-state pre-tax merger synergies of between RM700mil and RM800mil from FY27.

To reflect near-term integration cost and delayed savings, the research outfit adjusted its FY25 and FY26 earnings forecasts down by 6.9% and 8.8% respectively, but kept FY27 broadly intact.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Merger CelcomDigi Telcos RHB /Business/Business News Mobile Network

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 11:29:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 547 words

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Sentences: 13 lines

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News ID: 28485812

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