December 1, 2011

Axiata (Hold): More challenges than opportunities



Within expectations, HOLD. 3Q11 results reflected a challenging outlook within the region, with subdued revenue growth, margin pressure, weak regional currencies and higher capex commitments posing obstacles to short term growth. With 9M11 results comprising 74% of our full year forecasts, we make no change to our estimates. Maintain HOLD on Axiata.

Maybank research (1 December 2011)

Click here for full report

No comments:

Post a Comment