Top Calls
|
||
Results Note � Axiata (HOLD, upgrade)
- A restrained start Axiata�s 1Q15 were within expectations. Revenue growth on yoy basis looks on track, but EBITDA margins are facing a bit of pressure at Celcom and XL. It is still early days and we believe EBITDA margins could recover going forward. Following the stock�s recent weakness, we upgrade to HOLD while TP is maintained at RM6.39.
|
Other Calls
|
||
|
||
|
| For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. |
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.