AmInvest Research said its forecasts are maintained following Maxis’ mid-year investor briefing on Monday with its CEO Gokhan Ogut.
KUALA LUMPUR: AmInvestment Research is retaining its hold rating for Maxis with an unchanged discounted cashflow derived fair value of RM5 a share.
The research house said on Tuesday this was based on a weighted average cost of capital (WACC) discount rate of 6.3% and terminal growth rate assumption of 2%, which reflects a neutral ESG score of 3 stars.
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