Axiata stock follows CEO's GSMA board appointment

Published on 10/07/2026 at 00:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Axiata stock follows the CEO's GSMA board appointment for January 2027. First-half PATAMI more than doubled to MYR 717.2 million, while analysts target MYR 2.56.

Axiata, MYL6888OO001, Illustration mit AI erstellt.

Axiata Group Berhad (ISIN MYL6888OO001) was last at MYR 1.63 on Bursa Malaysia on October 6, 2026, down 0.61 percent from the prior close. The latest corporate development is CEO Nik Rizal Kamil's appointment to the GSMA board for a two-year term beginning in January 2027, as The Star reported on October 6, 2026.

First-half earnings reset the baseline

Axiata's first-half 2026 results provide the financial context for the leadership appointment. According to Markets Insider on September 7, 2026, underlying PATAMI more than doubled to MYR 717.2 million in the first half. Reported revenue stood at MYR 5.7 billion, EBITDA increased 1.7 percent year over year and EBIT rose 60.7 percent.

The earnings mix also showed a sharper operating contribution. On a constant-currency basis, revenue grew 7.3 percent, EBITDA increased 14.1 percent and EBIT rose 80.9 percent, according to the same first-half release carried by Markets Insider.

Dividend and analyst signals diverge

Management declared a first interim dividend of 5.5 sen per share for the first half of 2026, up 10 percent from 5 sen a year earlier. The ex-dividend date is October 13, 2026, and payment is scheduled for October 29, 2026, according to Moomoo.

The analyst picture is more optimistic than the quotation. Investing.com lists a Buy consensus from 20 analysts, with 11 Buy, 6 Hold and 3 Sell ratings. The average 12-month target is MYR 2.56, with a high of MYR 4.10 and a low of MYR 1.50; the average target lies 57.06 percent above the MYR 1.63 price.

Credit remains a counter-factor. Moody's affirmed Axiata's Baa2 issuer rating with a stable outlook on September 25, 2026, while also pointing to bridge-loan and sukuk maturities through 2027, as The Edge Malaysia reported.

Stock remains near its yearly low

Axiata stock was last at MYR 1.63 on Bursa Malaysia at 4:50 p.m. MYT on October 6, 2026. The 52-week range was MYR 1.60 to MYR 2.79, the session range was MYR 1.62 to MYR 1.65, volume reached 7,492,300 shares and market capitalization stood at MYR 15.0 billion.