|Bid||2,530.00 x 0|
|Ask||2,540.00 x 0|
|Day's Range||2,500.00 - 2,600.00|
|52 Week Range||2,310.00 - 3,730.00|
|Beta (5Y Monthly)||0.25|
|PE Ratio (TTM)||38.10|
|Earnings Date||May 04, 2020 - May 08, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 14, 2014|
|1y Target Est||3,284.50|
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. Axiata Chief Executive Jamaludin Ibrahim told Reuters on Thursday his company did not see chances for another group-level deal.
KUALA LUMPUR/SINGAPORE, Oct 1 (Reuters) - Under pressure to deliver cash to shareholders after a merger with Norway's Telenor collapsed, Malaysia's Axiata has changed tack: It is now in talks to offload stakes in units and will no longer entertain a group-level deal, sources told Reuters. The strategy's success is crucial for the telecoms firm - majority-owned by sovereign wealth fund Khazanah Nasional Bhd and other state-linked funds - as it faces margin-destroying competition across Southeast Asia, huge investment in fifth-generation (5G) networks https://www.reuters.com/article/us-telecoms-5g-malaysia/malaysias-5g-plan-a-potential-boon-for-chinas-huawei-idUSKBN1W90RD and cash-hungry investors. Axiata Group Bhd and Telenor ASA in May began talks for a non-cash deal to create Southeast Asia's largest telecoms operator with 300 million subscribers.
CK Hutchison Holdings Ltd is weighing a combination of its Indonesian telecommunications business with that of Malaysia's Axiata Group Bhd, Bloomberg reported on Monday, citing people with knowledge of the matter. CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing's businesses, informally explored a combination of its Indonesian wireless business with the Malaysian carrier's Indonesian unit, PT XL Axiata, the report https://bloom.bg/2kDgC55 said. The companies have not begun any substantive negotiations, it added.