August 23, 2010

AXIATA - Axiata earnings forecast raised 20pc

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: NOMURA



Axiata Group Bhd's earnings forecasts for 2010-2012 were raised by between 13 per cent and 20 per cent at Nomura Holdings Inc to reflect higher contributions from its overseas units.

Axiata, a Malaysian mobile phone operator, may report a "solid" second-quarter earnings this week, Nomura said in a report.

The share price estimate was increased to RM5.60 from RM4.50, Nomura said. -- Bloomberg




No comments:

Post a Comment