In our daily highlight on Axiata at the end of last month, Macquarie Equities Research (MQ Research) maintained Outperform on the company as its 2Q19 improved results tracked analysts’ estimates. Last Friday afternoon (6 Sept), the listed companies suspended their shares as Axiata and Telenor called off the merger due to complexities involved. MQ Research sees any weakness in Axiata’s share price on Tuesday (10 Sept) as an opportunity to accumulate its shares.
Source: Macquarie Research - 10 Sept 2019
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