TA says it is revising its estimates on Axiata higher by 8-16 per cent for financial years 2010-2012 for after imputing XL's adjustments.
"In our new estimates, XL's higher earnings contribution would likely come from EBITDA margin adjustments," TA says.
The research firm is maintaining its "buy" recommendation on Axiata with a revised target price of RM4.90.
"We believe our earnings projections are too conservative and therefore have tweaked our FY10-11 estimates to reflect i) data growth driven by affordable smartphones, ii) tower leasing rising and iii) stable RPM," TA says.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
music
Create a playlist at MixPod.com
