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Axiata, Digi drive KLCI to higher close

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.

CIMB Research retains Hold for Digi on merger with Celcom

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.

CIMB Research upgrades Axiata to Add on merger plan

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).

A better option than IPO for Sapura Energy in proposed tie-up with OMV

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.