PublicInvest: Axiata Group results may be lacklustre

PETALING JAYA: Axiata Group Bhd’s fourth quarter 2014 results are expected to be lacklustre, but the group is expected to benefit from its regional growth as well as better 2015 performance from its key units, Celcom Axiata Bhd and PT XL Axiata Tbk (XL).

PublicInvest Research said Celcom, which had a stronghold in the east coast, had been affected by the worst floods in decades in the fourth quarter. The floods have not only forced thousands to evacuate but also damaged network sites.