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KUALA LUMPUR: Malaysian telecoms firm Axiata Group Bhd has asked its edotco towers unit to seek deals to enter new markets or expand in Southeast Asia and South Asia, and may consider selling a stake if attractive large investment opportunities arise.
Axiata last month pulled the plug on a planned non-cash merger with Norway's Telenor ASA citing unspecified complexities.
KUALA LUMPUR: Positive corporate newsflow from Axiata/Telenor’s proposed non-cash merger of their Asia operations under a new entity helped power Bursa Malaysia to a higher close.
KUALA LUMPUR: CIMB Equities Research is maintaining its Hold rating on Digi.com with a 7% higher target price of RM4.70, which is its discounted cashflow based fair value (RM4.42) plus synergies from a Digi-Celcom merger.
KUALA LUMPUR: CIMB Equities Research has upgraded Axiata Group from Hold to Add and raised the target price by 9% to RM4.80 following Axiata/Telenor’s proposed non-cash merger of their Asia operations under a new entity (MergedCo).
KUALA LUMPUR: Sapura Energy Bhd's latest corporate manoeuver with Austrian oil and gas major, OMV AG, will bring about several potential benefits, including making the proposed exercise even better than an initial public offer (IPO) for Sapura Upstream Sdn Bhd, its exploration and production (E and P) arm.