CIMB Research sees Axiata lacking short-term catalysts


KUALA LUMPUR:  Axiata Group Bhd’s 1H14 results missed expectations, with its core net profit at 40% of its full-year forecast and 46% of consensus full-year forecast.

It said on Thursday this was due to lower contribution from XL after the acquisition of Axis and the lacklustre performance at Celcom.

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