CelcomDigi's stock price has been down recently due to the company's lower-than-expected earnings for the first half of 2024. This led to analysts cutting their target prices for the stock. Some analysts believe that the merger synergies between Celcom and Digi have been overestimated. This means that the combined company is not expected to be as profitable as analysts initially thought. CelcomDigi's last quarter earnings in August 2024 were mixed. While the company reported a net profit increase of 18% compared to the same period last year, revenue declined slightly due to lower revenue from its services segment and prepaid and postpaid enterprise segment.
Stock: [CDB]: CELCOMDIGI BERHAD
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CelcomDigi's stock price has been down recently due to the company's lower-than-expected earnings for the first half of 2024. This led to analysts cutting their target prices for the stock.
Some analysts believe that the merger synergies between Celcom and Digi have been overestimated. This means that the combined company is not expected to be as profitable as analysts initially thought. CelcomDigi's last quarter earnings in August 2024 were mixed. While the company reported a net profit increase of 18% compared to the same period last year, revenue declined slightly due to lower revenue from its services segment and prepaid and postpaid enterprise segment.