Axiata or formerly known as Telekom Malaysia International (TMI) is going to ex-right at RM1.68 on 8 April 2009. Bad debt and call for more fund to survive?
On 2 April 2009,
AmRearch rate as “HOLD”
OSK rate as “MAINTAIN”
From the distressed 4QFY08 Balanced Sheet, the current assets to current liabilities ratio was stood at 0.4 or equivalent to less than 5 months of available cash to debt serving.
4Q08 Balanced Sheet was ended on December 2008
On 2 April 2009,
AmRearch rate as “HOLD”
OSK rate as “MAINTAIN”
From the distressed 4QFY08 Balanced Sheet, the current assets to current liabilities ratio was stood at 0.4 or equivalent to less than 5 months of available cash to debt serving.
4Q08 Balanced Sheet was ended on December 2008
&
5 months debt serving ability
&
now is April, 4th months after December 2008
&
what will happen if not right issue?
Since the splitting of TM to TM and TMI (now know as Axiata), the share price has plunged 67% (refer chart). What you expect 1 years, 2 years or 5 years down the road? Axiata worth to invest?
Since the splitting of TM to TM and TMI (now know as Axiata), the share price has plunged 67% (refer chart). What you expect 1 years, 2 years or 5 years down the road? Axiata worth to invest?
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