Bursa Malaysia Stock Watch
AXIATA - Axiata climbs to 23-month high
kltrader
Publish date: Tue, 24 Aug 2010, 12:23 PM
kltrader
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Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: ECMLIBRA
Axiata Group Bhd, a Malaysian mobile phone operator, rose to a 23-month high after ECM Libra Capital Sdn Bhd increased its share price estimate, citing higher revenue growth projections at the company's Indonesian unit.
The stock advanced 1.4 per cent to RM4.44 at 9:47 a.m. local time in Kuala Lumpur, set for its highest close since Sept 19, 2008.
The share price forecast was raised to RM4.77 from RM4.50, ECM said in a report today. - Bloomberg
Company Name: AXIATA GROUP BERHAD
Research House: ECMLIBRA
Axiata Group Bhd, a Malaysian mobile phone operator, rose to a 23-month high after ECM Libra Capital Sdn Bhd increased its share price estimate, citing higher revenue growth projections at the company's Indonesian unit.
The stock advanced 1.4 per cent to RM4.44 at 9:47 a.m. local time in Kuala Lumpur, set for its highest close since Sept 19, 2008.
The share price forecast was raised to RM4.77 from RM4.50, ECM said in a report today. - Bloomberg
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