AmIvest Research said given the uncertain impact from the Covid-19 pandemic, the company’s management was still not confident in providing a fresh guidance following the withdrawn expectation of a “flat to low single-digit increase” for both FY20F service revenue and normalised Ebitda
PETALING JAYA: AmInvestment Research is maintaining Maxis’ “hold” rating with an unchanged discounted cashflow (DCF) derived fair value of RM5.50 a share.
The research unit said in its report that this was based on a weighted average cost of capital discount rate of 6.3% and terminal growth rate assumption of 2%.
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