Likely to report strong 1Q10 results. We believe Axiata’s 1Q10 results (due out on 27 May 10) are likely to come in stronger on a yoy basis, underpinned by:
(1) The stronger-than-expected 1Q10 performances at XL and Dialog;
(2) Rupiah that has strengthened against RM since 1Q09; and
(3) Low base effect. Recall, Axiata’s overall 1Q09 results were dragged by the weak performance from its regional cellcos, in particular, Dialog and XL.
Axiata Berhad : Likely To Report Strong 1Q10 Performance - 21/5/2010
No comments:
Post a Comment