<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 21): BIMB Securities Sdn Bhd has increased its net profit forecast for DiGi.Com Bhd by 8% and 7.5% for financial years ending December 31, 2014 (FY14) and FY15 respectively.</p></div>

<div class=newsTextDataWrapInner><p>BIMB said in its report today the upward revision factored in lower depreciation charges in mobile telecommunication network provider DiGi.</p></div>

<div class=newsTextDataWrapInner><p>“The earnings revision will not affect our target price of RM5.80 for DiGi, as depreciation charges are non-cash items in our discounted cash flow methodology, assuming a weighted average cost of capital of 8.3%,” said BIMB.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>BIMB said as DiGi shares did not offer much upside potential, it has maintained its "neutral" call on DiGi.</p></div>

<div class=newsTextDataWrapInner><p>The note followed the announcement of DiGi's third quarter and nine-month financials.</p></div>

<div class=newsTextDataWrapInner><p>DiGi’s net profit for the nine months ended September 30, 2014 (9MFY14) was above the research house’s estimates, making up 80% of full year forecast.</p></div>

<div class=newsTextDataWrapInner><p>According to the BIMB's note, DiGi's smartphone and iInternet penetration increased to 47% and 53% respectively from 41.9% and 49.4% in the previous quarter.</p></div>

<div class=newsTextDataWrapInner><p>The higher penetration was a result of the introduction of several affordable smartphone plans to encourage stronger Internet adoption.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Oct 21): BIMB Securities Sdn Bhd has increased its net profit forecast for DiGi.Com Bhd by 8% and 7.5% for financial years ending December 31, 2014 (FY14) and FY15 respectively.

BIMB said in its report today the upward revision factored in lower depreciation charges in mob...

BIMB ups DiGi profit forecast, 9MFY14 profit above estimates

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