Key events/catalysts to watch in the 2H. We believe the 2H will be an interesting period for local telco players. Key events/catalysts to watch for Maxis are: 1) updates on its new management team as well as the take-up rate of its Maxis-Astro IPTV service. For Axiata, investors are likely to focus on its: 1) key operating subsidiaries’ competition environment (especially XL Axiata), 2) the regulations issue in Idea Cellular, 3) Celcom’s LTE plan, 4) Fibre plan being bundled with TM’s HSBB and 5) investment in Myanmar. Digi, on the other hand, will see attention on the progress of its Business  Trust formation as well as its on-going network modernisation and collaboration plans. Meanwhile, for TM, a clarification of the competition landscape in its fibre broadband segment as well as lesser concerns on its revenue KPI could provide some re-rating catalysts  to the share price. For Redtone, the events to watch out for the company during the next few months are: 1) its 4QFY13 result, which the group is set to make record-high profits and 2) the bidding outcome of the DTTB contract.

Source: Kenanga