[AXIATA GROUP BERHAD，受到外汇折算的不利影响，加上印度联营公司的持续亏损]
由于International Long Distance（“ILD”）收入下降，收入下降4.5％至5亿5020万令吉。由于收入减少，EBITDA下降11.1％。
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Group revenue decreased by 2.3% to RM5,748.2 million from RM5,881.0 million recorded in Q1’17 mainly due to unfavourable forex translation impact arising from strengthened MYR as compared to the same period in 2017 from all its major operating companies except for the mobile operating entity in Malaysia. EBITDA for the Group dropped 5.5% quarter-on-quarter as a result of lower revenue.
The Group also saw PAT decline by more than 100% on the back of RM94.4 million loss for the period principally attributed to loss on dilution of the Group’s investment in India of RM357.6 million. Share of results from associates and joint ventures were lower by over 100% to record a loss of RM86.1 million as compared to a loss of RM30.5 million in Q1’17 as the India associate continues to face intense market aggression. Consequently, PATAMI decreased by more than 100% to a loss of RM147.4 million compared to profit of RM239.0 million recorded in Q1’17.
EBITDA decreased 13.9% to RM456.6 million mainly contributed by the impact on the adoption of MFRS15. Despite that, PAT decreased by only 10.0% to RM175.0 million from RM194.5 million recorded in the preceding year corresponding quarter cushioned by higher share of results from associate and savings in depreciation and amortisation.
Revenue declined 9.3% to RM1,589.9 million mainly as a result of SIM registration process outpace the increase in data revenue in the current quarter. EBITDA decreased by 4.6% to RM603.0 million as costs remain controlled. PAT however, decreased 75.3% for the period to record at RM3.6 million flowing from lower EBITDA and higher forex loss.
Revenue declined by 11.6% mainly due to change in marketing model and revenue recognition of device.
Total revenue grew 1.3% to record at RM661.5 million.
Recorded a 4.5% drop in revenue growth to RM550.2 million as a result off the decline in revenue from International Long Distance (“ILD”). EBITDA decreased by 11.1% on the back of lower revenue recorded.
Revenue, EBITDA and PAT registered a decrease of 20.4%, 26.6% and 37.8% to RM253.0 million, RM118.5 million and RM58.7 million respectively due to continuing intense price war competition.
Malaysia (Infrastructure) :
PAT decreased by 60.7% to RM24.9 million due to forex loss.
Comparison with Preceding Quarter:
Group revenue decreased by 8.2% to RM5,748.2 million from RM6,261.1 million recorded in Q4’17 as a result the drop in performance from all major operating companies other than the Malaysia mobile operation. EBITDA declined by 12.4% to RM2,036.4 million attributable to lower revenue and higher operational costs. PAT and PATAMI declined by more than 100% to a loss position of RM94.4 million and RM147.4 million respectively mainly as a result of the loss in dilution of its investment in India.
EBITDA decreased by 23.3% to RM456.6 million due to the adoption of MFRS 9 and 15. PAT decreased by 33.8% as a result of lower EBITDA and prior quarter one-off intergroup gain from disposal of associates.
Revenue decreased by 14.3% to RM1,589.9 million as compared to preceding quarter of RM1,855.5 million from lower mobile revenue impacted by intense price competition in the market and SIM registration process. EBITDA and PAT declined by 10.2% and 91.6% to RM603.0 million and RM3.6 million respectively due to lower revenue.
Revenue declined by 18.5% compared to preceding quarter mainly due to change in marketing model and revenue recognition methodology of device. EBITDA for the quarter decreased by 4.0% from lower revenue cushioned by the decrease in costs. PAT for the quarter declined by more than 100% on the back of higher finance costs and amortisation charges.
Revenue for the current quarter decreased marginally by 1.8% to RM661.5 million mainly due to forex translation impact. PAT however, declined by 16.7% to RM71.9 million due to higher forex loss and depreciation.
Revenue and EBITDA declined 12.5% and 16.8% to RM550.2 million and RM342.6 million respectively as a result of the decline in ILD revenue. PAT decreased relatively lower compared to the revenue drop by 4.7% to RM179.4 million from RM188.3 million recorded in the preceding quarter attributed mainly to forex gain, lower tax and depreciation charges.
Revenue declined by 8.7% to RM253.0 million as compared to the preceding quarter of RM277.1 million impacted by continued intense price competition in the market. As a result, EBITDA decreased by 11.0%.
Revenue and EBITDA decreased by 12.4% and 7.0% to RM350.2 million and RM156.8 million respectively. PAT subsequently fell by 22.0% to RM24.9 million from RM31.9 million recorded in Q4’17 as a result of higher forex translation loss and finance costs.
Group’s 1Q18 results was adversely affected by unfavourable forex translation for all operating companies (“OpCo”), compounded by continued losses from associate in India and start up investments in new businesses. The Malaysia operation remains stable, whilst operations in Indonesia were impacted by aggressive competition, and challenges faced during the prepaid SIM registration process. Operations in Cambodia was also impacted by price pressures.
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