| UOB KAYHIAN | UOB KAYHIAN |
|
CTOS Digital (CTOS MK) 2Q21: Within Expectations, Blistering Growth Pace Ahead
CTOS’ 2Q21 core net profit (excluding exceptional items) came in at RM15m. The impressive yoy improvement is premised on resilient growth of its digital products’ subscription and burgeoning demand for credit reports, as well as incremental earnings from associate BOL. Moving forward, we expect steady growth and minimal earnings impact from the COVID-19 pandemic, given the group’s earnings resilience in times of crisis. Maintain BUY. Target price: RM1.32.
|
|
|
MAYBANK KIM ENG |
|
|
DiGi.com (DIGI MK) Navigating challenges
Still holding up 1H21 results were in line with our/consensus forecasts as 2Q21 earnings held up with the aid of the government-led data/device subsidy program. Management is mindful of potential near-term postpaid challenges, but is maintaining its FY21 guidance for now. Maintain HOLD with an unchanged DCF-based TP of MYR4.30. We prefer TM (T MK, BUY, CP: MYR6.10, TP: MYR7.40) in the space.
|
Check out our compilation of Target Prices