Axiata 1H26 core profit falls 38% on higher taxes; HLIB cuts forecasts
Axiata Group's first-half FY26 core net profit fell 38% year-on-year to RM243 million, missing expectations due to higher taxation. Hong Leong Investment Bank has cut its earnings forecasts for the company by up to 23% but maintained a 'Buy' rating with a lower target price of RM2.55.