KUALA LUMPUR: RHB Research has upgraded Maxis to Neutral from Sell following a 13% decline in its share price year-to-date and keeps its discounted cashflow derived fair value of RM6, which is a downside of 3.4%.
“We think a lot of the negative news is priced in at this juncture, unless its operational sequential improvements fade away in 2H,” said the research house on Tuesday.
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