KUALA LUMPUR: MIDF research maintained its neutral call on Axiata Group Bhd
with an unchanged target price of RM4.68 on the back of an earnings result that came in within expectations.
In a note, the research house said 1HFY19 EBITDA was RM4.16bil, which was 10.7% higher year-on-year (y-o-y) and came within expectations on the back of the positive impact of IMFRS 16 and higher contribution from all the operating companies except for Ncell.
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