Axiata Likely to Delay Divestment of Infrastructure Assets -- Market Talk
Dow Jones2026/08/11 02:170217 GMT - Axiata is likely shifting its asset monetization stance towards optimizing value over a longer period, which could delay the divestment of its infrastructure assets, Maybank IB analyst Tan Chi Wei says in a note. The company had previously targeted the sale of its edotco and Linknet in 2026. Tan notes company's earnings recovery and eventual balance-sheet improvement are potential re-rating drivers, with its dividend commitment seen as sustainable at an assumed 0.11 ringgit per share in 2026, with an implied yield of about 5.5%. Maybank maintains a buy rating on Axiata and keeps target price at 2.90 ringgit. Shares are 0.5% higher at 1.92 ringgit. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
August 10, 2026 22:17 ET (02:17 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street's "Great Rotation" Underway: AI Trading Fades, Tech Stocks Out of Favor, Capital Flows Shift to Defensive Sectors
Analysts point out that as investors shift their bets from high-risk technology sectors to defensive stocks, the market is currently in a "state of alert".
Barrick Gold (ABGC.US) applies for U.S. IPO, aiming to raise up to 6 billion dollars
American Barrick Gold has submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Japanese stocks closed up 1.31%
Crypto prices
More
