Monday, February 21, 2011

KLSE : Axiata Target Price at RM5.75 by RHB, 21 Feb 2011

Axiata Group Bhd, a Malaysian mobile phone operator, was downgraded at RHB Research Institute Sdn Bhd due to the recent “steep” rise in the share price. 

The stock was cut to “market perform” from “outperform,” with its fair value maintained at RM5.75, Lim Tee Yang, an analyst at RHB, wrote in a report today. 

Source : Bloomberg 21 Feb 2011

No comments:

Post a Comment