Maybank IB Remains Positive On Axiata's Earnings Outlook, Reiterates 'buy' Call

KUALA LUMPUR, July 11 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) maintained a positive earnings forecast on Axiata Group Bhd and reiterated a ‘Buy’ call on Axiata with an unchanged target price of RM2.90 per share.

Axiata Appoints Didi Syafruddin As Independent Non-Executive Director

KUALA LUMPUR, May 30 (Bernama) -- Axiata Group Bhd has appointed Didi Syafruddin Yahya as an independent non-executive director, effective June 1, 2025. 

Axiata’s Shares Jump On Strong 1Q Net Profit, HLIB Upgrades To ‘Buy’

KUALA LUMPUR, May 29 (Bernama) -- Axiata Group Bhd’s shares rose in early trade after it reported more than a two-fold increase in net profit for the first quarter ended March 31, 2025 (1Q 2025).

Axiata's 1Q Net Profit More Than Doubles To RM159.8 Mln

KUALA LUMPUR, May 28 (Bernama) -- Axiata Group Bhd’s net profit jumped to RM159.8 million in the first quarter ended March 31, 2025 (1Q 2025) from RM60.03 million in the same period last year, driven by foreign exchange gains, lower depreciation and amortisation and higher contributions from CelcomDigi.

Axiata To Exit Myanmar With US$150 Mln Divestment

KUALA LUMPUR, April 4 (Bernama) -- Axiata Group Bhd is exiting Myanmar after its subsidiary, Edotco Investments (Labuan) Ltd, signed a share purchase agreement (SPA) to sell its entire 87.5 per cent stake in Edotco Investments Singapore Pte Ltd for US$150 million (RM713 million).

RHB Bank Subscribes To Additional Shares In Boost Bank Worth RM51 Mln

KUALA LUMPUR, March 27 (Bernama) -- RHB Bank Bhd has subscribed to an aggregate of about 51 million new shares in Boost Bank for RM51 million since May 17, 2024, in order to maintain its 40 per cent equity interest in the digital bank.

Bursa Malaysia Extends Winning Streak, Leads Asia In Market Performance

By Abdul Hamid A Rahman

KUALA LUMPUR, March 27 (Bernama) -- Bursa Malaysia extended its winning streak for a third consecutive day today, buoyed by renewed investor confidence and strategic repositioning, said UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan.

Axiata, Sinar Mas Get Shareholders Nod On XLSMART Merger

KUALA LUMPUR, March 26 (Bernama) -- Axiata Group Bhd and Sinar Mas announced that shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom (SmartTel) have formally approved the merger of the three companies into XLSMART.

Axiata Shareholders Approve XL Axiata-Smartfren Merger

KUALA LUMPUR, March 24 (Bernama) -- Axiata Group Bhd’s shareholders have approved the proposed merger between PT XL Axiata (XL Axiata) and PT Smartfren Telecom Tbk (Smartfren).

Axiata Returns To The Black With RM946.82 Mln Net Profit In FY2024

KUALA LUMPUR, Feb 26 (Bernama) -- Axiata Group Bhd returned to the black after posting a net profit of RM946.82 million in the financial year ended Dec 31, 2024 (FY2024), against a net loss of RM1.99 billion in the FY2023.

Malaysia, Indonesia Committed To Ensure Continued Cooperation Between Petronas And Pertamina -- PM Anwar

KUALA LUMPUR, Jan 27 (Bernama) -- Malaysia and Indonesia remain committed to ensuring continued cooperation between the countries’ oil giants Petroliam Nasional Bhd (Petronas) and PT Pertamina (Persero).

U Mobile Likely To Collaborate To Defray 5G Capex Estimated At RM3 Bln-RM4 Bln -- RHB Investment Bank

KUALA LUMPUR, Jan 10 (Bernama) -- U Mobile Sdn Bhd is likely to enter into network collaborations to defray 5G capital expenditure (capex) estimated at RM3 billion-RM4 billion following its selection as the second 5G network access provider, said RHB Investment Bank Bhd.