3 Updates on AXIATA

As usual, keep it short and simple, 3 updates about AXIATA:

1. I have mentioned about AXIATA on 25-Nov-2010 when the price was at RM4.72. The stock has appreciated 20 sen to RM4.92 as of yesterday close. To recall, Axiata has announced its dividend policy of minimum 30% of its net income on 25-Aug-2010. Once the Company starts its payment in FY2011, AXIATA is poised to gain more recognition from investors.

2. Out of 28 analysts covering the stocks, 22 are calling BUY call and 4 Hold call and 2 SELL. Average Target Price is RM5.37, Lowest: RM4.03 and Highest: RM6.40.

3. However from technical view, AXIATA RSI is OVERBOUGHT at 71.29.

In short, fundamentally good stock but I will have to wait at slightly cheaper price to get better value.