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TMI/Axiata, Trading opportunities
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davinz18
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 Nov 3 2012, 05:15 PM
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Axiata among those in Myanmar telecom race. Myanmar's emergence as an investment destination has been hogging news bulletins globally. One area of business that holds vast potential is its telecoms market, labelled as the last greenfield telecoms turf in Asia.
Axiata has said it hopes to play a major role in the Myanmar telecoms market and has no qualms about partnering a Burmese party for that purpose.
Axiata, though, faces competition. Global players like Norwegian firm Telenor (parent of DiGi.Com Bhd), Digicel, the largest mobile operator in the Caribbean, Vietnam's VNPT-Fujitsu, Russian heavyweight VimpelCom and Sweden's TeliaSonera AB, are all jockeying for a chance for the four telecom licences that will be dished out, according to reports.
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davinz18
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Jan 19 2013, 03:50 PM
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Target MYR7.02, Neutral http://research.osk188.com/attachments/74/...f7549cb9250.pdfThis post has been edited by davinz18: Jan 19 2013, 03:50 PM |
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davinz18
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Feb 18 2013, 03:59 PM
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Malaysian Axiata's Sri Lanka unit's Q4 net down 30.6% y/y
Group results for the December quarter of Dialog Axiata, Sri Lanka's top mobile operator and a unit of Malaysia's Axiata, as released on Monday (in millions of rupees unless stated):
Q4 2012 Q4 2011 Net profit/(loss) 928.7 1,338.9 Revenue 14,978.2 11,948.9 Earning per share (basic in rupees) 0.12 0.17
Dialog Axiata was listed on the Colombo stock exchange in July 2005 and is one of the heavily weighted shares by market capitalisation.
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davinz18
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Feb 21 2013, 02:53 PM
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Axiata Q4 earnings up 4.8% to RM571.1m, dividends 27 senAxiata Group Bhd's earnings rose 4.8% to RM571.10mil in the fourth quarter ended Dec 31, 2012 from RM544.58mil a year ago. It said on Thursday its revenue increased by 4.6% to RM4.448bil from RM4.250bil. Earnings per share were 7.0 sen compared with 6.0 sen. The board recommended tax exempt dividends a final dividend of 15 sen (2011: 15 sen) and a special dividend of 12 sen (2011: Nil) per ordinary share of RM1 each. For the financial year ended Dec 31, 2012, its earnings rose 7.1% to RM2.513bil from RM2.345bil. Its revenue increased 8.3% to RM17.65bil from RM16.29bil. http://biz.thestar.com.my/news/story.asp?f...43&sec=business
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davinz18
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Aug 30 2013, 03:19 PM
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Axiata Q2 earnings down 3.2% to RM644.7m, Dividend 8c
Axiata Group Bhd's earnings slipped 3.2% to RM644.77mil in the second quarter ended June 30, 2013 from the RM666.64mil a year ago.
It announced on Friday its revenue rose 4.8% to RM4.629bil from RM4.416bil while earnings per share were 7.6 sen compared with 7.8 sen. It declared an interim dividend of 8.0 sen a share.
On a quarter-on quarter basis, revenue rose 3% driven by Celcom and Robi while earnings before interest, tax, depreciation and amortisation (EBITDA) showed healthy growth of 5% on the back of higher data usage at XL.
Axiata said for the first half, its earnings rose 2.2% to RM1.259bil from RM1.232bil in the previous corresponding period. Its revenue rose at a stronger pace of 5.2% to RM9.111bil from RM8.663bil.
"At constant currency, excluding the impact of foreign currency movements, revenue would have been higher at 8%. EBITDA dipped by 3% due mainly to data related costs at XL. PATAMI in the period was up 2% at RM1.3bil, mainly due to the lower contribution from XL and unfavourable foreign exchange.
"At constant currency PATAMI growth would have been 3%. After adjusting for exceptional items, such as impairment, forex and other one-offs normalised PATAMI declined by 6%," it said.
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davinz18
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Sep 11 2013, 02:47 PM
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Celcom Axiata's Q2 revenue surpasses RM2b for first time
Celcom Axiata Bhd's revenue in the second quarter ended June 30, 2013 surpassed the RM2bil mark for first time.
The telco said on Wednesday the revenue was 4.3% higher than a year ago.
Its profit after tax and minority interests rose 2.1% to RM555mil.
Celcom Axiata's parent, Axiata Group Bhd had in August reported its Q2 revenue rose 4.8% to RM4.629bil from RM4.416bil a year ago. Its earnings slipped 3.2% to RM644.77mil from the RM666.64mil a year ago.
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davinz18
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Sep 13 2013, 06:05 PM
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Interim Tax Exempt Dividend Under Single Tier System of 8 sen per Ordinary Share of RM1.00 eachEX-date 27/09/2013 Entitlement date 01/10/2013 Payment date 10/10/2013  
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davinz18
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Sep 26 2013, 02:59 PM
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Axiata buys 95% stake in Indonesia's Axis » Click to show Spoiler - click again to hide... « Axiata Group Bhd’s Indonesian unit PT XL Axiata Tbk (XL) has bought a 95% stake in PT Axis Telekom Indonesia (Axis), according to a Bursa filing on Thursday.
Axiata said Axis has an enterprise value of US$865mil (RM2.8bil).
The filing also noted the remaining 5% will be held by a local Indonesian shareholder.
Axiata said it has entered into a conditional sale and purchase agreement with Saudi Telecom Company and its unit Teleglobal Investments BV to buy Axis.
It said with the acquisition, it would allow Axiata to reach over 65 million customers at the same time aid in its expansion plans.
Axiata president and group chief executive officer Datuk Seri Jamaludin Ibrahim said as the majority shareholder of XL, Axiata strongly supports the transaction.
“We are a long term investor and the acquisition is in line with our strategy of continued investment in every country we operate in and supporting in-market consolidation where it benefits all parties.”
“We are confident we can successfully execute the integration as we did with Hello and Smart in Cambodia as well as Suntel and Dialog in Sri Lanka. Both acquisitions saw smooth and successful integration both strategically and financially,” he said.
Axiata said both companies have integration plans and teams in place, which, post regulatory approvals,will drive integration and synergies with XL’s strong execution track record and cost leadership DNA.
Merrill Lynch (Singapore) Pte. Ltd. (Bank of America Merrill Lynch) is acting as exclusive financial advisor to XL for this transaction.
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davinz18
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Oct 23 2013, 03:44 PM
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Axiata Plans IPO for Telco Tower Assets, May Refinance Debt
Axiata Group Bhd., Malaysia’s largest mobile-phone operator by market value, plans to undertake an initial public offering of its telecom towers within two years, its group chief financial officer said.
The IPO would include its assets in Asian markets such as Bangladesh and Sri Lanka, James Maclaurin said in an interview in Kuala Lumpur yesterday. Maclaurin will vacate his current post at the end of December to become chief executive officer of a new business unit called e.co that will oversee its tower interests, Axiata said separately in a statement.
With an $18.6 billion market capitalization, the group is emerging Asia’s third-largest mobile-phone operator by value, according to data compiled by Bloomberg, trailing Thailand’s Advanced Indo Service Pcl and India’s Bharti Airtel Ltd. It has more than 215 million mobile-phone subscribers and owns Malaysia’s Celcom Axiata Bhd. and stakes in companies including Indonesia’s PT XL Axiata, India’s Idea Cellular Ltd. and Singapore’s M1 Ltd., its latest annual report shows.
“This IPO would encompass Axiata’s tower assets across all our footprint companies,” Maclaurin said yesterday. “It’s more a question of improving our operational performance.”
Axiata is planning a $500 million share sale, two people with knowledge of the matter said in August. Maclaurin declined to say how much might be raised.
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davinz18
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Dec 2 2013, 05:23 PM
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Axiata gets approval for Axis buy
Axiata Group Bhd's Indonesian unit PT XL Axiata has secured approval from policymakers there to buy the entire stake in PT Axis Telekom Indonesia for some RM2.8 billion. The figure includes Axis Telekom's debt.
In a statement to Bursa Malaysia today, Axiata said it has obtained written approval from Indonesia's communications and informatics ministry for the proposed acquisition.
Axiata said the acquisition will "result in the merger of XL and Axis. The approval includes the condition for the return of 2x10 MHz of the 2.1 GHz (3G) spectrum license to the Government of Indonesia"
XL Axiata had on September 26 this year signed a conditional sale and purchase agreement with Saudi Telecom Co (STC) and the latter's 100%-owned unit Teleglobal Investments BV.
Under the deal, XL Axiata will acquire 100% in Axis Telekom from STC for US$100. XL Axiata will also assume Axis Telekom's estimated US$865 million (RM2.8 billion) debt.
Analysts said the latest updates bode well for Axiata.
TA Securities Holdings Bhd said approval from Indonesian authorities "clears a major hurdle" for the transaction.
"Overall, we are positive on this deal as long-term merger benefits outweigh near-term earnings dilution. To recap, management had earlier guided that it expects to turnaround Axis within two years," TA wrote in a note.
TA is maintaining its earnings estimates for Axiata pending the finalisation of the deal. For now, TA is retaining its "buy" call and target price of RM8.43 for the stock.
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davinz18
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Mar 17 2014, 05:40 PM
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EPF buys 3.58m Axiata shares
The Employees Provident Fund Board raised its shareholding in Axiata Group Bhd to 12.56% stake after the recent purchase of 3.58 million shares.
A filing with Bursa Malaysia on Monday showed the fund had bought the shares of March 11.
The share price closed at RM6.48 on that day. The share price has seen volatile trade, from a high of RM6.90 on Dec 31, 2013 and falling to a low of RM6.44 on March 14.
After the recent purchase, the EPF's shareholding increased to 1.073 billion shares of 12.56%.
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davinz18
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Jul 2 2014, 08:37 PM
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Malaysia's Axiata sells 24 pct stake in Thai phone distributor
Axiata Group Bhd, Malaysia's biggest phone operator by market value, plans to sell its 23.93 percent stake in Thai handset distributor Samart I-Mobile to Samart Corp for 2.87 billion baht ($88.69 million).
The Malaysian company will sell 1.05 billion shares of Samart I-Mobile at 2.73 baht each through the Stock Exchange of Thailand, the Thai firm said in a statement.
The price represented a 14 percent discount to Samart I-Mobile's closing prices at 3.16 baht on Wednesday, up nearly 4 percent on day.
The deal, which will be completed in the next 30 days, will raise holding of Thai telecoms group Samart Corp to 74.11 percent, it said.
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