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