PETALING JAYA: Maxis Bhd
’s upcoming financial results for the fourth quarter ending Dec 31, 2024 (4Q24) are expected to be sequentially weaker, given higher device costs and subsidies with the launch of the iPhone 16, says UOB Kay Hian Research.
The telco’s stronger 3Q24 earnings were due to higher service revenue and a one-off manpower rationalisation cost undertaken in 3Q23. As for 2024 guidance, the research firm said the telco maintained its earnings before interest, taxes, depreciation, and amortisation (Ebitda) growth guidance of a “low single digit” growth.
