Showing posts with label AXIATA. Show all posts
Showing posts with label AXIATA. Show all posts

May 7, 2015

XL Transformation Pains

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: TAPrice Call: SELLTarget Price: 7.00



April 7, 2015

January 12, 2015

October 30, 2014

October 23, 2014

Its All in the Data

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: TAPrice Call: SELLTarget Price: 6.90



October 9, 2014

July 3, 2014

February 21, 2014

September 2, 2013

May 22, 2013

XL may continue to be a drag

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: MIDFPrice Call: TRADING BUYTarget Price: 6.75



April 11, 2013

Nomura raises target price for Axiata

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: NOMURAPrice Call: BUYTarget Price: 7.10



Nomura Equity Research raised its target price on Axiata Group Bhd to RM7.60 from RM7.10 as it expects the telecom company's operations in Indonesia, XL Axiata, to turn around next year.

XL is expected to contribute positively when it completes a US$4 billion network ramp-up, which has raised costs and shrunk profit margins.

Nomura said the investment was "critical" for XL to transition into data, although competition may be more intense with new players coming into the fray.

Nomura maintained a 'buy' call on the Axiata stock, which has gained nearly four per cent in the past month.

The stock was up 0.15 per cent at RM6.67 at 10.27am, while the benchmark index rose 0.37 per cent. -- Reuters

December 14, 2012

MIDF ups Axiata to 'trading buy'

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: MIDFPrice Call: TRADING BUYTarget Price: 6.95



MIDF Research upgraded Axiata Group Bhd to 'trading buy' from 'neutral' after the second-largest mobile phone operator in Southeast Asia announced it will buy Cambodian rival Latelz Company Ltd for US$155 million.

"The merger is a good move in our opinion but we are not revising our numbers as the immediate impact will not be material," the research house said in a note on Friday.

"However, we believe investor will be upbeat on the newsflow as evident by the reaction of the share price," MIDF added.

Raising its target price on Axiata to RM6.95 per share from RM6.35, MIDF said it expected the sentiment to remain positive for the next few months.

At 10.56 am, Axiata shares were down 0.46 per cent at RM6.50, while the benchmark stock index was 0.25 per cent lower. - Reuters


December 3, 2012

OSK ups Axiata 2013 earnings forecast by 3pc

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: OSKPrice Call: BUYTarget Price: 6.62



KUALA LUMPUR: OSK Research Sdn Bhd has lifted Axiata Group Bhd's 2013 financial year earnings forecast by three per cent, given its relatively good third quarter results for the 2012 financial year.

It said the earnings estimates for the 2012 financial year, however, was revised down by one per cent.

The group registered revenue and earnings before interest, taxes,
depreciation and amortisation growth of nine per cent and five per cent, respectively, for the nine-months ended Sept 30, 2012, surpassing earlier projections of 7.2 per cent and 4.5 per cent.

"Celcom continued to outflank Maxis and DiGi, reaffirming the success of its customer segmentation strategy in Malaysia, a major marketing lynchpin.

"After coming behind Maxis and DiGi for the past five years, it has since claimed the top spot in the youth segment and continues to make inroads into the mid-urban and suburban areas," it said in a research note.

OSK Research upgraded its call on the stock to a "buy" at a revised fair value of RM6.62. -- BERNAMA

November 30, 2012

Growth led by Celcom

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: MIDFPrice Call: HOLDTarget Price: 6.35



November 27, 2012

September 11, 2012

Nomura upgrades Axiata, cuts Maxis

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: NOMURAPrice Call: BUYTarget Price: 7.10

Stock Name: MAXIS
Company Name: MAXIS BERHAD
Research House: NOMURAPrice Call: SELLTarget Price: 6.20



Nomura upgraded Malaysian telco Axiata Group Bhd to "buy" from "neutral" on improving operational profits, expectations of investments boosting revenue in the coming years and strong cash flows.

It also raised Axiata's target price to RM7.10 per share from RM5.50.

"Although Axiata's share price is up 20 percent year to date, we still believe the above reasons should yield operational upside for the stock," Nomura said in a note to clients.

Axiata shares were down 0.3 percent on Tuesday. The stock however, represents a bright spot in the Malaysian telco sector that faces greater competition in the second half of this year that could keep a lid on operational profits, Nomura said.

Nomura cut Maxis Bhd to "reduce" from "neutral" as the current strength in its share price signals an opportunity to lock in profits given that earnings could be weaker in the future.

But Nomura still raised Maxis target price to RM6.20 per share from RM5.95 citing its strong dividend payout. -- REUTERS

August 14, 2012