XL Axiata seen to deliver better performance in H2

Given XL Axiata's steady financial performance, analysts are optimistic about its near-term outlook, despite the fierce competition being faced by the telecommunications industry.

PETALING JAYA: Axiata Group Bhd’s 66.4%-owned Indonesian unit, XL Axiata, is expected to maintain its earnings momentum on the back of steady subscription growth, especially as the pandemic eases in some of its markets.

Given XL’s steady financial performance, analysts are optimistic about its near-term outlook, despite the fierce competition being faced by the telecommunications industry.