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high quality apple developer account:Kenanga raises earnings outlook on Axiata

admin2020-12-02212

KUALA LUMPUR: Kenanga Research has raised its earnings forecasts for Axiata Group Bhd due to a recovery in the overall performance of its operating companies(opcos).In 9MFY20, Axiata's Patami of RM547.2mil was above expectations, coming to 102% and 85% of Kenanga's and consensus full-year estimate due to better-than-expected numbers frmo Celcom, Dialog and NCELL."Overall, all OpCos seem to be recovering from the effects of Covid-19 and the enforced movement restrictions in the respective countries."We opine that the group would revitalise its capex plans in enhancing its network capabilities and coverage."The group,

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