Positive re-rating potential seen as Axiata unlocks value

Axiata remains a closely watched stock because of its status as a key government-linked company under Khazanah.

FOLLOWING a period of uninspiring share price performance, Axiata Group Bhd is beginning to draw renewed investor interest, with its shares up about 10.5% since early June.

The rebound comes as the market responds positively to the group’s efforts to unlock value, according to Hong Leong Investment Bank (HLIB) Research.