KUALA LUMPUR: DIGI.COM BHD [] shares fell to RM23.88 in late afternoon trade on Thursday, Sept 23, the lowest since July 21 on expectations the new iPhone 4, to be launched later in the day, would impact its profitability.
At 4.28pm, DiGi is down 70 sen to RM23.88. Turnover was thin with 88,500 shares done.
Maxis Communications Bhd will launch the iPhone on Friday.
The Edge FinancialDaily quoted analysts as saying that they expect DiGi to subsidise the new iPhone which would have an impact on its profitability.
Analysts said the introduction of the fourth-generation smartphone from Apple Inc is expected to impact DiGi's earnings before interest, taxation, depreciation and amortisation (Ebitda) margins, which have suffered over the last few quarters because of handset subsidies.
The overall market was also down, with the FBM KLCI down 17.39 points to 1,457.36. Turnover was 879 million shares valued at RM1.2 billion. There are 186 gainers versus 558 losers.
Other decliners weighing on the 30-stock FBM KLCI are BAT, down 80 sen to RM47, Genting 47 sen to RM9.91.
At 4.28pm, DiGi is down 70 sen to RM23.88. Turnover was thin with 88,500 shares done.
Maxis Communications Bhd will launch the iPhone on Friday.
The Edge FinancialDaily quoted analysts as saying that they expect DiGi to subsidise the new iPhone which would have an impact on its profitability.
Analysts said the introduction of the fourth-generation smartphone from Apple Inc is expected to impact DiGi's earnings before interest, taxation, depreciation and amortisation (Ebitda) margins, which have suffered over the last few quarters because of handset subsidies.
The overall market was also down, with the FBM KLCI down 17.39 points to 1,457.36. Turnover was 879 million shares valued at RM1.2 billion. There are 186 gainers versus 558 losers.
Other decliners weighing on the 30-stock FBM KLCI are BAT, down 80 sen to RM47, Genting 47 sen to RM9.91.
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