CDB, potential bullish reversal. AlgoSignal Strategy
The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria.
CDB trade ideas
CDB IS Forecasted on the way to Wave 5Axiata Group Bhd is planning a RM7.1 billion worth of capital expenditure in 2023 from RM6.6 billion last year, with the major investment for expansion of its Indonesian venture and its tower business.
The group intends to keep both the Digi and Celcom brands in the market for now, with the network integration seen happening over the next two years.
“I think a large part of the capex will be skewed towards Indonesia, where we will see investments happening both in the broadband business, as well as the mobile business,” said joint acting group chief executive officer Vivek Sood during its financial results briefing on Feb 23 2023"
