Impairments continue to weigh on Axiata’s earnings

Nik Rizal Kamil Nik Ibrahim Kamil

PETALING JAYA: Axiata Group Bhd, which posted another quarterly loss, is riding on several key catalysts to drive earnings growth over the next two years including infrastructure assets monetisation, merger synergies and the resolution of the 5G space in Malaysia.

Outgoing group chief executive officer and managing director Vivek Sood said the delivery on four key catalysts over the next 12 to 18 months could narrow the discount, whereby Axiata’s valuation remains below analyst consensus of RM2.92 per share.