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Kenanga Research maintains 'outperform' call on Axiata, TP unchanged at RM4.40 | Money

Wednesday, 28 Apr 2021 11:55 AM MYT
KUALA LUMPUR, April 28 ― Kenanga Research has maintained its “outperform” call on Axiata Group with an unchanged sum of parts (SoP)-driven target price (TP) of RM4.40 after its 66.4 per cent-owned unit in Indonesia, PT XL Axiata Tbk (XL) recorded within-expectation results for the first quarter ended March 31, 2021 (1Q21).
The research house said XL’s 1Q21 normalised profit of IDR 230 billion (RM65.1 million) was within the street’s and its expectation, while its revenue of IDR 6.25 trillion also came in within at 24 per cent of Kenanga Research’s full-year estimate.
“XL’s performance is holding up well in the face of fierce competition, and we continue to believe that Axiata’s regional operating companies (OpCos) stand to benefit from subscriber growth, especially in Indonesia and Bangladesh, as they recover from the pandemic,” it said in a note today. ....

Jakarta Raya , Kuala Lumpur , Ad Daw Ah , Axiata Group , Hong Ck Hutchison Holdings , Kenanga Research , Ooredoo Group , Hong Kong Based , Kenanga Research , ஜகார்த்தா ராய , குவாலா லம்பூர் , ஹாங் சி.கே. ஹட்ச்சன் ஹோல்டிங்ஸ் , கெனாங்க ஆராய்ச்சி , ஹாங் காங் அடிப்படையிலானது ,

Our reporters' 2020 financial victories - and the odd defeat

JEFF PRESTRIDGE: Pedal power to the rescue
Being reunited with my ancient Crossroads Specialised bike has saved me a small fortune in travel costs this year – although not as much if coronavirus hadn t reared its destructive head.
I started the year thinking the 30-year hybrid bike had been stolen from the garage under the flats I lived in – it had disappeared one night from where I had locked it up. But I discovered it had been moved by the block s janitor and sold to another resident without my permission. Maybe the janitor thought the bike s owner had moved away and left the dusty relic behind. Wrong. ....

United Kingdom , Hong Kong , Rachel Rickard Straus , Toby Walne , Hong Ck Hutchison Holdings , Crossroads Specialised , Broughton Carr , Patmore Heath Honey , Hong Kong Based , ஒன்றுபட்டது கிஂக்டம் , ஹாங் காங் , ரேச்சல் ரிக்கார்ட் ஸ்ட்ராஸ் , டோபி வால்னே , ஹாங் சி.கே. ஹட்ச்சன் ஹோல்டிங்ஸ் , நாற்சந்தி சிறப்பு , கொண்டுவந்துள்ள கார் , ஹாங் காங் அடிப்படையிலானது ,