Downside risk: PublicInvest is also concerned with Axiata’s ability to collect RM375.5mil from TeliaSonera Norway Nepal Holdings AS that could give rise to provisioning risk in the future.
But PublicInvest downgrades company’s shares to ‘neutral’
PETALING JAYA: Axiata Group Bhd
’s earnings risk is expected to prevail in the near term due to a possible impairment loss in its 19.79% stake in India’s Idea Cellular, said Public Investment Bank (PublicInvest).
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