Bursa Malaysia Stock Watch

Axiata: Maintain Hold - Flag slower 2012 but raise DPS guidance

kltrader
Publish date: Fri, 24 Feb 2012, 10:18 PM
kltrader
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Earnings misses but higher dividend hits the spot. The earnings miss from Axiata was expected following XL's earnings miss reported earlier. However, higher than expected dividend was a pleasant surprise, as is the higher payout guidance. We maintain our Hold call while reducing our forecasts slightly, but keeping DCF-derived target price at RM5.10.

Maybank Research - 24 Feb 2012

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