KUALA LUMPUR: Axiata Group Bhd's recent share price weakness following the cancellation of its proposed merger with Telenor SA could present a buying opportunity as its regional operations grow more efficient, says Kenanga research.
Axiata's share price plummeted to a closing low of RM4.11 on Sept 10.
Kenanga said Axiata's management remains firm in managing operating costs better, especially direct costs as demonstrated in recent 1H19 numbers, which it believes could carry on to future results.
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