KUALA LUMPUR: PublicInvest Research is maintaining its “Neutral” call on Axiata with a higher target price of RM6.92 from RM6.83.
It said its 66.5%-owned Indonesian unit, PT XL Axiata (XL), reported a second quarter 2013 net profit below the research houses’s expectations, with the first half 2013 net profit making only 29.1% and 25.5% of its and consensus full-year forecasts.
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