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home / news releases / AXXTF - Axiata Group: Positioning Itself As A Dividend Yield Play

AXXTF - Axiata Group: Positioning Itself As A Dividend Yield Play

Axiata Group Bhd
  • Axiata Group's underlying net profit attributable to shareholders decreased by -79% YoY to RM47 million in 2Q 2020, largely due to the poor performance of Nepal's Ncell and Malaysia's Celcom.
  • Medium-term catalysts for the stock include transforming into a dividend yield play, the IPO of the tower company, and industry consolidation activities.
  • Axiata Group trades at 5.0 times consensus forward FY 2021 EV/EBITDA, and it offers a consensus forward FY 2021 dividend yield of 2.9%.

For further details see:

Axiata Group: Positioning Itself As A Dividend Yield Play
Stock Information
Company Name: Axiata Group Bhd
Stock Symbol: AXXTF
Market: OTC
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