CelcomDigi Q3 Profit Seen Rising on Lower Costs, CIMB Says
CIMB analysts expect CelcomDigi's third-quarter core profit to rise 1%-3% from the prior quarter on cost cuts, while trimming its 2026-2028 earnings forecasts.
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what happened
According to Market Talk, CIMB Securities analysts Choong Chen Foong and Kenny Lim expect CelcomDigi's core net profit for the third quarter to climb 1% to 3% from the previous quarter, mainly thanks to reduced expenses. Year on year, they forecast a 4% to 6% rise, to between 430 million and 440 million ringgit.
Service revenue, by their estimate, may be broadly unchanged, as stricter rules for registering prepaid SIM cards are dampening demand. Smaller dealer commissions and cheaper SIM cards, however, should partly offset that drag.
The brokerage lowered its 2026-2028 core earnings projections by 1% to 4%, reflecting extra costs tied to newly acquired spectrum licences, while still anticipating better network capacity and wider coverage. It keeps a buy rating and a 3.65 ringgit target. The stock was down 0.4% at 2.53 ringgit.
why it matters
For investors, the note suggests cost discipline could offset weaker service revenue at the Malaysian telecom operator. Forecast revisions of a few percent usually affect expectations for the company itself rather than the broader market.
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- CelcomDigi 3Q Earnings Likely Supported by Cost Savings — Market Talk, 2 November 2026 at 01:17 UTC
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