EQUITY: TELECOMS 2026E merger integration savings target raised Postpaid and home fibre resilient, prepaid softness continues; DNB to be recognized as associate in 4Q26E; maintain Buy with lower MYR3.89 TP 2Q26: Top-line stable q-q/y-y; profitability impacted by one-offs Celcom's 1H26 core EBITDA of MYR2.78bn was within our expectation, coming in 46%/48% of our/Bloomberg consensus full-year estimates. 2Q revenue at MYR3.18bn was flat q-q/y-y due to lower device sales partly offset by robust postpaid/home fi ...