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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Axiata Group    AXIATA   MYL6888OO001

AXIATA GROUP

(AXIATA)
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Axiata Bhd : Planning IPO for Bangladesh Unit

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02/21/2020 | 12:55am EDT

By Chester Tay

Axiata Group is planning to hold an initial public offering of its 68.7%-owned unit Robi Axiata in Bangladesh, the Malaysian telecom said Friday.

Robi will issue 523.8 million new shares, representing 10% of its enlarged share capital post-listing, raising 255.2 million ringgit ($61 million), which mainly to be utilized for network expansion, Axiata said.

Axiata's shareholding in Robi will be diluted by 6.9% and it will maintain its position as controlling shareholder.

Robi's other shareholders are Bharti International (Singapore) Pte. with a 25% stake and NTT Docomo with 6.31% stake.

CIMB Investment Bank Bhd. has been appointed as adviser for the IPO. IDLC Investments has been appointed by Robi as the issue manager for the proposals.

Axiata expects to complete the transaction by the fourth quarter.

 

Write to Chester Tay at chester.tay@wsj.com

 

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Financials (MYR)
Sales 2019 24 805 M
EBIT 2019 3 279 M
Net income 2019 1 075 M
Debt 2019 14 373 M
Yield 2019 2,98%
P/E ratio 2019 27,0x
P/E ratio 2020 24,2x
EV / Sales2019 1,77x
EV / Sales2020 1,76x
Capitalization 29 417 M
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Technical analysis trends AXIATA GROUP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 4,64  MYR
Last Close Price 3,21  MYR
Spread / Highest target 79,1%
Spread / Average Target 44,7%
Spread / Lowest Target 15,3%
EPS Revisions
Managers
NameTitle
Jamaludin bin Ibrahim President, Group CEO, Director & Managing Director
Ghazzali Abdul Khalid Chairman
Vivek Sood Group Chief Financial Officer
Amandeep Singh Group Chief Technology Officer
Abid Abdul Adam Chief Information Security Officer
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