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Axiata Group Berhad is trading around RM 2.65 with mixed technical signals showing cautious momentum; support is at RM 2.64 and resistance near RM 2.75. Recent earnings were weak, and management is focusing on debt reduction. Analysts mostly rate it as hold with target prices between RM 2.24 and RM 2.82, indicating limited short-term upside.
For Axiata Group Bhd, also part of Khazanah's stable, the story is more complex. Revenue improved from RM18.7 billion to RM22 billion, but net profit declined to RM946 million in FY2024 from RM2.3 billion in 2014. Its market capitalisation shrank to RM22.9 billion from RM60.5 billion.
Axiata Group Berhad’s stock recently surged to RM2.69, nearing its 52-week high, with strong trading volume signaling high investor interest. Analysts remain optimistic, with price targets up to RM3.57. However, technical indicators suggest a possible short-term pullback. The upcoming Q2 earnings on August 28 may determine the next move. Overall, the outlook is positive but short-term caution is advised.
Axiata's stock has recently gained momentum, but analysts maintain a neutral outlook. Technical indicators suggest a potential short-term pullback. The company's fundamentals remain weak, mainly due to high debt and slow earnings recovery. Short-term strategy should be cautious—investors may consider taking partial profits, while new buyers should wait for clearer signals.