<div class=newsTextDataWrapInner><p>KUALA LUMPUR (August 1): KAF Seagroatt &amp; Campbell analyst Shafiq Kadir downgraded the recommendation on Axiata Group Bhd to hold from buy.</p></div>

<div class=newsTextDataWrapInner><p>* Price target (PT) lowered to RM4.70 from RM5.70, implies 5.6% increase from last close. Axiata average PT is RM5.30.</p></div>

<div class=newsTextDataWrapInner><p>* Axiata had 14 buys, 13 holds, 1 sell previously: Bloomberg data</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* Analysts lowered their consensus one-year target price for the stock by 6.5 percent in the past three months. Forecasts range from RM3.90 to RM6.40.<br />
&nbsp;<br />
Performance Metrics</p></div>

<div class=newsTextDataWrapInner><p>* Investors who followed Shafiq's recommendation would have received a negative 22 percent return in the past year, compared with the negative 3.5 percent return on the shares.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>* In the past one year and 11 months, KAF Seagroatt &amp; Campbell has rated Axiata buy twice and hold three times.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>* The shares fell an average 5 percent in the periods rated buy and fell an average 2.6 percent in the periods rated hold.</p></div>


KUALA LUMPUR (August 1): KAF Seagroatt & Campbell analyst Shafiq Kadir downgraded the recommendation on Axiata Group Bhd to hold from buy.

* Price target (PT) lowered to RM4.70 from RM5.70, implies 5.6% increase from last close. Axiata average PT is RM5.30.

* Axiata had 14...

Axiata cut to hold at KAF Seagroatt & Campbell

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