When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
AXXTF - Axiata Group: Potential Industry Consolidation In The Spotlight
Axiata Group Bhd
Elevator Pitch
I maintain my Neutral rating for Malaysia-listed regional telecommunications company Axiata Group Berhad (OTCPK:AXXTF) [AXIATA:MK].
This is an update of my prior article on Axiata Group published on March 6, 2020. Axiata Group's share price has declined by -14% from RM4.04 as of March 4, 2020 to RM3.47 as of June 18, 2020 since my last update. Axiata Group trades at consensus forward next 12 months' EV/EBITDA, EV/EBIT and P/E multiples of 5.3 times, 18.0 times and 34.7 times, respectively. Axiata Group is valued by the market at a discount to