KUALA LUMPUR: AmInvestment Research is retaining its Buy on Axiata Group with an unchanged sum-of-parts-based fair value of RM4.50 a share.
The research house said on Friday this implies a FY21F enterprise value/earnings before interest, tax, depreciation and amortisation (EV/EBITDA) of five times or one standard deviation below its three-year average of six times.
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