Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Earnings misses but higher dividend hits the spot. The earnings miss from Axiata was expected following XL's earnings miss reported earlier. However, higher than expected dividend was a pleasant surprise, as is the higher payout guidance. We maintain our Hold call while reducing our forecasts slightly, but keeping DCF-derived target price at RM5.10.
Maybank Research - 24 Feb 2012
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Company Name: AXIATA GROUP BERHAD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 5.10 |
Earnings misses but higher dividend hits the spot. The earnings miss from Axiata was expected following XL's earnings miss reported earlier. However, higher than expected dividend was a pleasant surprise, as is the higher payout guidance. We maintain our Hold call while reducing our forecasts slightly, but keeping DCF-derived target price at RM5.10.
Maybank Research - 24 Feb 2012
Click here for full report
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