$MAXIS / 6012 (MAXIS BERHAD)
Research by MIDF
BUY – TP RM RM4.47

" Towards A More Sustainable Growth”

• Maintain BUY with a higher target price of RM4.47 post meeting with the management
• Mobile segment remains Maxis’ core business, providing the group with the necessary funding for investment and dividend payout
• Revamped enterprise segment will serve as the impetus for future earnings growth
• The group is the frontrunner for the second 5G network, in our view

Analyst:
Foo Chuan Loong, Martin
martin.foo@midf.com.my