KUALA LUMPUR (July 14): DiGi.Com Bhd rose as much as six sen or 1% as investors chased shares of the telecommmunication entity to be entitled for its dividend.

Yesterday (July 13), DiGi (fundamental: 1.55; valuation : 1.7) said it planned to pay a tax-free dividend of 5.9 sen a share for the second quarter ended June 30, 2015 (2QFY15), despite registering lower net profit from a year earlier.

Today, DiGi shares rose to its highest so far today at RM5.59, before reducing gains. At 10:28am, the stock was transacted at RM5.55, with some 1.8 million shares done.

The stock had erased losses from an intraday low of RM5.52.

Yesterday, DiGi said 2QFY15 net profit fell to RM464.36 million, from RM498.91 million a year earlier. Revenue dropped to RM1.72 billion, from RM1.75 billion.

First-half net profit was lower at RM943.58 million versus RM984.07 milllion a year earlier, although revenue rose to RM3.51 billion from RM3.46 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)