KUALA LUMPUR: MIDF Research has maintained its ‘neutral’ call on Maxis Bhd
with a target price of RM4.50 following the completion of the latter’s largest acquisition.
“Our target price is derived by pegging FY22 EPS of 16.0 sen against PER of 28x, which represents a slight premium over the company’s 2-year average rolling PER of 25.2x.
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