Axiata Group Bhd posted net profit of RM558.28 million in the fourth quarter ended Dec 31, 2009

Axiata roll out 4Q2009 financial result for FY09, net profit jumped 230% to RM1.65 billion from RM497.98 million in FY08. Base on the chart, Axiata price is forming a bullish W patten and likely today will bounds up higher. However due to increase risk in Europe market I think the up rally may limited.

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