Axiata - A must have in investment portfolio

Posted by EngineeringProfit > 13 hours ago | Report Abuse

Axiata Group Berhad (AXIATA), one of Southeast Asia's largest telecommunications companies, operates in multiple countries, providing mobile services, digital business solutions, and infrastructure. Axiata's core business in telecommunications offers resilience in uncertain markets.

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5 comment(s). Last comment by EngineeringProfit 12 hours ago

EngineeringProfit

20,742 posts

Posted by EngineeringProfit > 13 hours ago | Report Abuse

KLCI:1593.00 (+7.41, +0.47%)

2.25-->2.33 vol >10k

EngineeringProfit

20,742 posts

Posted by EngineeringProfit > 13 hours ago | Report Abuse

Bullish sentiment among investors, likely driven by recent strategic developments and strong financial performance. The interplay of demand and supply dynamics indicates that buyers are currently dominating the market, absorbing available supply and pushing the price upward.

EngineeringProfit

20,742 posts

Posted by EngineeringProfit > 13 hours ago | Report Abuse

XL Axiata and Smartfren Merger: AXIATA's Indonesian subsidiary, XL Axiata, is set to merge with Smartfren, creating a combined entity with an enterprise value of $6.5 billion. This merger is expected to complete in the first half of 2025, subject to regulatory and shareholder approvals. The new entity will have a mobile subscriber base of approximately 94.5 million and a market share of 27% in Indonesia, positioning it as a formidable player in the market.

EngineeringProfit

20,742 posts

Posted by EngineeringProfit > 13 hours ago | Report Abuse

In the first nine months of 2024, XL Axiata reported a 6% year-over-year revenue growth to IDR 25.37 trillion and a 13% increase in EBITDA to IDR 13.3 trillion, with an EBITDA margin of 52.4%. Net profit reached IDR 1.33 trillion, indicating robust financial health amid challenging economic conditions

EngineeringProfit

20,742 posts

Posted by EngineeringProfit > 12 hours ago | Report Abuse

Smart money +++++
Momentum +++++
U-turning +++++
HIgh TP +++++
Growth prospect+++++
Intrinsic value +++++

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