Digi Join The Iphone Battle

Digi.Com Bhd., the Malaysian mobile- phone company controlled by Norway’s Telenor ASA, signed an agreement to sell Apple Inc.’s iPhone in Malaysia to tap growth in a market that it forecasts will surge 10-fold in five years.

“Growth is coming back this year,” Digi’s Chief Executive Officer Johan Dennelind said in an interview with Bloomberg television in Kuala Lumpur today. Digi will start selling iPhone 3G and 3GS in “coming months,” he said.

The three-year agreement will help Digi increase sales more than 5 percent cent this year, higher than the industry average, Dennelind said. Digi’s sales rose 2 percent last year, slowing from 10 percent in 2008 as Malaysia’s economy shrank 1.7 percent. The government forecasts economic growth of more than 4 percent this year.

This indeed a very good news for consumer and maxis monopoly Iphone ended.

Source : http://www.businessweek.com

Side to side comparison for Telco

Maxis, Digi, TM, Axiata

The top 4 malaysia telco company in bursa obviously all making money. So which 1 is doing great ? How you pick 1 of the best ? As usual I trust figure and number which tell the truth..

Let's drill down--
All 4 companies revenue increase quarter by quarter, EPS 1 out of 4 increase since quarter 1 till end of financial year -- Axiata
the rest up and down a bit--from here it might tell you something ... is local market stagnate ?!!

Let's look at revenue growth, Axiata is the only 1 out of 4 gain almost 10%, the rest all less than 10%... it explain why axiata market price rally in last 2 month..

PE comparison: (base on 25/2/2010 market closing price)
Axiata: 16.95
TM: 17.80
DIGI: 17.49
Maxis: 20.21

Obviously axiata will be the no.1 in my telco list if I'm going to buy.