Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: TA
TA says it is revising its estimates on Axiata higher by 8-16 per cent for financial years 2010-2012 for after imputing XL's adjustments.
"In our new estimates, XL's higher earnings contribution would likely come from EBITDA margin adjustments," TA says.
The research firm is maintaining its "buy" recommendation on Axiata with a revised target price of RM4.90.
"We believe our earnings projections are too conservative and therefore have tweaked our FY10-11 estimates to reflect i) data growth driven by affordable smartphones, ii) tower leasing rising and iii) stable RPM," TA says.
Company Name: AXIATA GROUP BERHAD
Research House: TA
TA says it is revising its estimates on Axiata higher by 8-16 per cent for financial years 2010-2012 for after imputing XL's adjustments.
"In our new estimates, XL's higher earnings contribution would likely come from EBITDA margin adjustments," TA says.
The research firm is maintaining its "buy" recommendation on Axiata with a revised target price of RM4.90.
"We believe our earnings projections are too conservative and therefore have tweaked our FY10-11 estimates to reflect i) data growth driven by affordable smartphones, ii) tower leasing rising and iii) stable RPM," TA says.
No comments:
Post a Comment