Axiata Group Bhd, Malaysia’s largest mobile-phone operator by market value, fell the most in a week after third-quarter profit dropped 8 per cent and Hong Leong Investment Bank Bhd downgraded the stock.
Its shares lost 1.6 per cent to RM5.02 at 11.20am in Kuala Lumpur trading, set for their steepest decline since November 25. The stock was cut to “hold” from “buy” at Hong Leong. -- Bloomberg
Its shares lost 1.6 per cent to RM5.02 at 11.20am in Kuala Lumpur trading, set for their steepest decline since November 25. The stock was cut to “hold” from “buy” at Hong Leong. -- Bloomberg
