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