Kenanga maintains 'market perform' on Maxis

KUALA LUMPUR: While core earnings met expectations in 1HFY21, Maxis Bhd remains weighed down on a lack of differentiation among consumers in the 5G space as well as downward pressure on average revenue per user (ARPU).

"As Maxis has long differentiated itself with its premium brand and superior network, we think the market is still worried about the erosion of this differentiation among consumers when all telcos share access to the same 5G