AXXTF - Axiata Group: Regulatory Risks In The Spotlight
Elevator Pitch
Malaysia-listed Axiata Group Berhad (OTCPK:AXXTF) [AXIATA:MK] is a regional telecommunications company which owns controlling stakes in market-leading mobile and fixed operators across Asia. Readers can refer to my recent article on PT XL Axiata Tbk (OTCPK:PTXKY) (OTC:PTXAF) [EXCL:IJ], Axiata Group's 66.4%-owned Indonesia subsidiary, published on November 8, 2019 for more details about the company's Indonesian operations.
Axiata Group trades at 5.3 times consensus forward FY2020 EV/EBITDA which represents a discount to its historical five-year forward EV/EBITDA of approximately 7 times. The stock also offers a consensus forward