KUALA LUMPUR: DiGi.Com Bhd is suspending the trading of its shares today ahead of an important announcement, the company said yesterday. No further details were provided.
DiGi’s shares hit a 52-week high of RM31.80 on Sept 5 and closed two sen lower at RM31.12 yesterday, with 779,100 shares done.
A JPMorgan report dated July 20 said that DiGi is expected to outgrow the industry as it catches up on data contribution to total revenue.
The report also said the telco currently has 52% coverage and will touch 60% by the end of the year while its competitors would be around 80% population coverage.
In its recently concluded six months ended June 30, 2011, DiGi posted net profit of RM567.7 million (+1.99%) on revenue of RM2.89 billion (+7.69%) from a year ago.
DiGi said its revenue growth was spurred mainly by strong data revenue momentum across all revenue streams, particularly from mobile Internet and broadband which grew by 131% year-on-year in tandem with the continued high take-up of device bundles while higher handset sales also contributed to the healthy revenue growth.
Written by Sharon Tan
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