KUALA LUMPUR: RHB Research has upgraded Maxis to Neutral from Sell following a 13% decline in its share price year-to-date and keeps its discounted cashflow derived fair value of RM6, which is a downside of 3.4%.
“We think a lot of the negative news is priced in at this juncture, unless its operational sequential improvements fade away in 2H,” said the research house on Tuesday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!