Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: JP MORGAN CHASE
Axiata Group Bhd, a Malaysian mobile-phone operator, rose to its highest level in more than two years after the stock was rated "overweight" at JPMorgan Chase & Co, citing the company's regional growth prospects.
The stock climbed 1.7 per cent to RM4.81 at 9:27 a.m. in Kuala Lumpur trading, set for its highest close since June 16, 2008.
The brokerage has a share-price estimate of RM5.90, according to a report by analysts including James R. Sullivan.
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