You are damn lucky! I was about to buy when I notice its weekly chart staged a dead cross. And as a result I did not buy.

Telcos are facing challenging times 1) the new spectrum fees will be known by Aug 2) the refarming of 4G bands will take place in 2017.
Thus there is another "unknown" next year. This issue alone will affect the telco's ability to pay dividends not even taking into account the price war n competiton they are facing.
In a way, that is why we are seeing the prices of telcos dropping n is also an opportunity to buy. But we can't foresee how low they will drop before stabilizing. You must have a lot of cash in order to hold them for the long term. You must be able to stand the stress of seeing their values drop due to the vagaries of the stockmart. Which is how markets behave.

Hi Angie, Axiata is a holding company whicb holds its investment in Celcom, Robi etc. All assets n liabilites of celcom, Robi, XL etc are all added up together in the group accounts hence, it is not possible to look at Celcom's financials.
But from what I gather from our investment bank's reports (I can't recall which one as i deleted them from my pc after reading), Celcom is highly geared, meaning it has substantial bank borrowings. This is the common man's understanding of "cash rich".
Axiata derives its income from dividends received fr its investment i.e. Celcom, XL n after paying its expenses, those dividends are its profit fr which Axiata declares its dividends.

Catching the bottom is risky. With sentiment on semi conductor stocks bruised by Apple, I do not see any big upside on this stock. If u buy, u have to keep for some time. After all, no one is going to chase after semi conductor stock for some time now. The dynamics have completely changed. Besides shrinking demand, USD/MYR exchange rates have reversed.

Everything is dropping like shit. Ask yr Finance Minister what the hell is going on.

Axiata has dropped 25 cts.I am not optimistic they will prop it back to $5.80. I hope they could.

All telcos will be affected as data gets dirt cheap. Celcom started the price war but now says they do not want a price war. It is too late. TM is going to start another price war.

At the rate things are going on, we will be like India where no telcos can afford to introduce new technology. Everything has to be dirt cheap there. No need for 5G. No company has the money to introduce 5G as things dirt cheap.

Ha Ha, I see yr point there.

This is a thinly traded stock. It is for long term investors rather than traders.

It would probably move sideways. I believe it is in a far better position than a lot of other stocks.

A temporary state of discontinuity. Smart phone mart probably saturated. It won't be long it will get cheaper n cheaper just like the telcos facing saturation here. And the spark that this juggernaut set off affected the entire supply chain. But will cheaper n cheaper smart phones sparked off an economic recession? We may enter a temporary state of adjustment to cheaper smart phones I think.

Every telco is facing this situation due to intense competition not just Digi. Even if u lower yr price considerably, it does not mean yr profit will increase if it resulted in razor thin margins. In the end, u would have a lot of unprofitable customers n getting network congestion. Even TM which demerged its mobile arm to what is now Axiata is now trying to get into mobile business. The worse is yet to come. Right now, I am not invested in telcos.

1MDB defaulted. Ringgit down, Shares dropped. Rakyat kalah.

The catalyst which pushed up the share is no longer there coupled with poor sentiments in the sector worldwide. Some big fish are selling in one go. What to do?

They did not buy from zero base. They may have a lot of CMS bought years earlier. So their average cost is not high.

It may well be that. But the info is not up to date. Who knows, this time around they may be the seller n the ikan bilis the buyer. EPF always trade in the market to make $$$ fr us.

Its profit did not drop. Expenses dropped, I think.

It depends on the journalist who wrote the thing. Today in Star Biz week, "Digi Q1 profit higher despite revenue dip. Prepaid stronghold still resilient despite intense competition"...Digi's earnings improved on a quarterly basis...despite a dip in revenue as it made stronger inroads into the postpaid markets."....Earnings per share were 5.13 sen, an improvement from 4.9 sen..Dividend was 5.1 sen compared with 4.9 sen..."

The next battleground is for LTE.

Reading between the lines, Maxis is already well-prepared for the spectrum loss. Lundal said the capex this year is for LTE and the upgrade in data has no expiry date.

Anyway the price fixing for DRP is over. Today, additional listing of ESOS issued at $9.15

1st qtr result already history. Share prices are forward looking. With minimal debt n 900Hz band in hand, the next qtr should see better results.

Thanks twobits!

Hi, twobits, I wondered how you are able to overlay the Ichimoku cloud on yr charts posted in Ombak. I attended a webinar by RHB on futures last night n they too are showing us charts in "investing.com". So I went to "investing.com" n try out their charts n I found that they do not have the "ichimoku" tool whereas the chart on Gamuda posted by you have the indicator. Could you pls enlighten me? Thanks

All telcos are not fools. For example, there are no telcos which give u a free smartphone with no contract to enable u port out the next day. They have better safeguards than that. Digi gives free smartphone with some of their packages but u have to pay for the smartphone upfront. Then they will reduce yr monthly bill with a fixed amount for a period of time till the upfront payment u made has been exhausted. Some of those with an axe to grind who posted in facebook that other telcos do not require them to sign a contract.

Hi Chrissy, I have seen yr charts in Ombak using investing.com, showing the Ichimoku indicator as well. But their system studies does not provide the indicator. Would be glad if u could enlighten me on how to put the Ichimoku indicator on yr chart. Thanks.

CMSB broke thru its head n shoulders pattern n Elliot wave pattern signaled a sell. (The Edge)

Maxis 1st qtr results - net profit up by 26%

Digi should be reported 1 qtr results these few days.

You need to hold this counter. Fr my experience, this is not a hit and run counter.Good luck.

Maybank's DRP fixed at $8.35. Maybe all these selling by EPF has something to do with this.

Dividend ex date: 4th may
Payment date : 3rd June

Sometimes it is better to jump into a moving wagon instead of a stationery wagon. But then u will have to sacrifice some of yr gains.

Maybank has posted its dividend reinvestment plan in Bursa website. Which means div is well on its way. The seller is probably EPF n the buyer is ASM

Jamal said Axiata will list its tower co in a year.

4% FD interest. That is for promo fresh funds. 3.3% the norm, isn't it?

You must know the reason for buying. The sector? exchange rate benefits? If u do not know the reason why u are buying, u will get nervous just because the uptrend has entered its corrective waves.

Why must the whole group fly? Only Air Asia n AAX have wings. Is the planes that fly n not the insurance company. The thought that the whole business group will fly together is very popular in the 1990s but not now. Times have changed.

If we go overseas n buy the local sim card, the seller there will have all our details. I am sure when u buy sim card, the seller there will also require u to give away yr passport details. Is it??

AGM approved div of $300-00. Give them the time to assemble the funds necessary to pay the div.

the question is will Maxis do it or not. not "can". After all these strategies can be easily duplicated by yr rivals. Another question, using Umobile line, can u make a call back home from Club Med, Bali? I can't do it using Digi. After this incident, I now know how cheap is cheap.

Those funds like EPF, ASM etc have big holdings of Maxis n will lend support. Otherwise the value of their investment will see big drop. As to Digi, it is a slow counter but the best bet in the telco sector. Both Maxis n Celcom's balance sheet is overstretched.
But they can easily raise funds using Tony Fernandez way. Air Asia rose instead of dropping. It pays to have a financially strong shareholder as an owner. Maybe, for Maxis after sometime it will stabilized after the price war is over. Ppl now say P1 (Webe)'s package is revolutionary. OSK said it is for promotional purposes. P1 has to rent its network fr Celcom. If it can go on giving these cheap packages, Celcom will "tutup kedai". After taking into the network rental, P1 would probably eke out a small profit n will not contribute much to TM's profit.

Latest TP by OSK taking into account the strengthening RM - $1.55

Already announced & final div already paid. Next month is their 1st qtr announcement n qtr interim div.

EPf is not the only fund playing in the market. Insurance co are also there besides banks unit trust.

Big funds probably selling

This is a big issue but the news is not in The Star today.

support level around $3.7 ++.

Probably Taib Mahmud's political influence is on the wane.