November 1, 2010

AXIATA - Axiata upgraded to 'outperform' at RHB

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



Axiata Group Bhd, a Malaysian mobile-phone operator, had its stock upgraded to "outperform" from "market perform" at RHB Research Institute Sdn Bhd due to "strong" growth prospects from regional exposure and cheaper valuations against domestic peers.

Axiata's share fair value was raised to RM5.52 from RM4.75, RHB analyst Lim Tee Yang, said in a report today. -- Bloomberg


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