October 8, 2010

AXIATA - Credit Suisse ups Axiata share estimate

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: CREDIT SUISSE



Axiata Group Bhd, owner of Malaysia's second-biggest mobile-phone operator, advanced 1.1 per cent to RM4.55, on course for its highest close since Sept. 17.

Credit Suisse Group AG, in a report today, raised its share-price estimate to RM5.65 from RM5.30 to reflect upgrades in its earnings estimates for Axiata's Indonesian unit and Indian affiliate. -- Bloomberg


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