Bursa Malaysia Stock Watch

Axiata (Hold): More challenges than opportunities

kltrader
Publish date: Thu, 01 Dec 2011, 07:43 PM
kltrader
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Within expectations, HOLD. 3Q11 results reflected a challenging outlook within the region, with subdued revenue growth, margin pressure, weak regional currencies and higher capex commitments posing obstacles to short term growth. With 9M11 results comprising 74% of our full year forecasts, we make no change to our estimates. Maintain HOLD on Axiata.

Maybank research (1 December 2011)

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