Monday, May 4, 2009

DiGi.Com shares down after announcing lower Q1 net profit

SHARES of DiGi.Com Bhd took a beating on Monday, after it reported lower Q1 net profit.

As of mid-day, its shares fell by 30 sen (or 1.34 per cent) to RM22.00. So far, three research houses have downgraded their recommendations on DiGi, they are:

1. CIMB-GK: downgraded DiGi to Neutral
2. Maybank Investment: downgraded DiGi to Sell
3. CLSA: downgraded DiGi to underperform

Overall, 8 research houses still placed a Buy call on DiGi, while 12 recommended investors to Hold, and 7 recommended investors to Sell.

Source: Bloomberg


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