Top Stories
Company Update | CelcomDigi (CDB MK/BUY/RM2.98/Target: RM4.05)
CelcomDigi is expected to report sequentially stronger earnings in 2Q-3Q26, driven by: a) higher synergistic savings from the merger exercise – with a full-year 2026 target of RM465m savings to flow through to P&L, and b) postpaid and prepaid price adjustments seen across the sector since Feb 26. We see positive risk-reward for the stock, which is trading at -1SD to its mean valuation given the foreign selldown in Jun 26. Maintain BUY with a DCF-based target price of RM4.05.
Market Spotlight
- The FBMKLCI declined 9.16pt yesterday to close at 1,722.29, dragged down by selling pressure in the index-linked counters.
- US stocks were lower after the close on Monday, as losses in the healthcare, consumer goods and industrials sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Coastal Contracts | COCO MK
Trading Buy Range: RM1.34-1.35
Destini | DSTN MK
Trading Buy Range: RM0.305-0.31
Hartalega Holdings | HART MK
Trading Buy Range: RM1.07-1.08
Top Stories
Company Update | CelcomDigi (CDB MK/BUY/RM2.98/Target: RM4.05)
CelcomDigi is expected to report sequentially stronger earnings in 2Q-3Q26, driven by: a) higher synergistic savings from the merger exercise – with a full-year 2026 target of RM465m savings to flow through to P&L, and b) postpaid and prepaid price adjustments seen across the sector since Feb 26. We see positive risk-reward for the stock, which is trading at -1SD to its mean valuation given the foreign selldown in Jun 26. Maintain BUY with a DCF-based target price of RM4.05.
Market Spotlight
- The FBMKLCI declined 9.16pt yesterday to close at 1,722.29, dragged down by selling pressure in the index-linked counters.
- US stocks were lower after the close on Monday, as losses in the healthcare, consumer goods and industrials sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Coastal Contracts | COCO MK
Trading Buy Range: RM1.34-1.35
Destini | DSTN MK
Trading Buy Range: RM0.305-0.31
Hartalega Holdings | HART MK
Trading Buy Range: RM1.07-1.08
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