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CelcomDigi Reports Steady First Half Earnings Performance

Kenanga Research maintains an outperform rating on CelcomDigi following solid growth in the first half of the 2026 financial year.

CelcomDigi Bhd has reported a 3% year-on-year increase in core net profit, reaching RM853 million for the first half of the 2026 financial year. This performance aligns with market expectations, providing a stable outlook for the telecommunications giant as it continues its integration efforts.

According to the original publisher, these earnings account for 57% of the full-year forecast provided by Kenanga Research and 50% of general consensus estimates. The figures suggest that the company is performing in line with professional projections during the initial two quarters of the fiscal period.

Despite the positive start, analysts at Kenanga Research anticipate a softer performance during the second half of the year. The research house noted that this expected cooling in financial output is primarily due to specific operational factors identified in their latest market assessment.

Maintaining an outperform rating, the research house continues to track the company’s trajectory closely. The performance of CelcomDigi remains a key indicator for the broader telecommunications sector in Malaysia, as investors monitor how the merged entity navigates evolving market demands and competitive pressures throughout the remainder of the year.

For Malaysian consumers and investors, these results provide insight into the financial health of the nation’s largest mobile network operator. As the telecommunications landscape becomes increasingly digital-centric, the company's ability to balance its core earnings with changing market conditions remains vital for the stability of local network infrastructure and service delivery.

Source

Originally reported by Businesstoday. Read the original report →

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