PETALING JAYA: Maxis Bhd
is expected to chart modest earnings growth in the coming years, supported by stable fundamentals but weighed down by subdued service revenue and cautious capital spending, according to CGS International Research (CGSI Research).
The research house downgraded its call on Maxis from “add” to “hold”, citing limited upside following a 9% rise in the telco’s share price over the past month.
