- 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