Regional play to benefit Axiata

Analysts are fairly mixed over telco Axiata Group Bhd’s outlook.

PETALING JAYA: Following the release of its Indonesian subsidiary’s results, analysts are fairly mixed over telco Axiata Group Bhd’s outlook.

In a report to clients yesterday, Kenanga Research said the subsidiary, XL Axiata which is 66.4% owned by Axiata, posted FY2020 normalised earnings which were within its expectations, making up 96% of the research house’s full-year estimate.