11 Apr 2021 / 20:52 H.
PETALING JAYA: The Celcom-Digi merger is not likely to lead to an investment in their own 5G network ahead of the change to a state-owned entity network rollout model from a consortium led model that was announced with the MyDigital blueprint in February, according to an analyst.
Speaking to SunBiz on condition of anonymity, the analyst noted that such development is not possible as the special purpose vehicle (SPV) rollout entails a dedicated spectrum allocated to the operators managed by the ministry-linked SPV.
Previously, Fitch Solutions raised the possibility that a centrally-coordinated rollout of 5G could be inefficient and likely to incur higher levels of capital expenditure (capex) compared to a scenario where operators pursue their own buildouts and network sharing arrangements.
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climbed in morning trade on news that it had formed a joint venture with Kia Motors to manufacture Kia vehicles in Malaysia.
At 9.30am, the counter was up six sen or 4.17% to RM1.50 on the back of 1.82 million shares traded.
The two parties have agreed to undertake production and assembly of vehicles under the Kia marque in Malaysia via a new JV company called Kia Malaysia Sdn Bhd.
Bermaz Auto will have 33.33% stake in the company with the remainder going to Kia Motors.
The group has also subscribed to a 65% stake in Dinamikjaya Motors Sdn Bhd, which has been awarded the distributorship and sale of parts and provision of after-sales service of Kia vehicles in Malaysia.
KUALA LUMPUR (April 2): Analysts are negative on AMMB Holdings Bhd s (AmBank) private placement plan due to its earnings dilutive effects.
CGS-CIMB Research analyst Winson Ng said AmBank’s proposed private placement was a negative surprise as the bank did not guide for any plan for private placements, and previously stated that it had enough capital buffers to absorb the RM2.83 billion provision for the 1Malaysia Development Bhd (1MDB) settlement.
“Based on our calculations, we estimate that the private placement would dilute its earnings per share (EPS) by 4% for the financial year ending March 31, 2022 (FY22) and 8.3% for FY23, based on the assumed issue price of RM2.70.
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