External broker reports(aggregated public sources), Kenanga Investment Bank Bhd

Kenanga Investment Bank Bhd

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. 

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External broker reports(aggregated public sources)

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>MAXIS’s 1HFY23 results met expectations. It reported positive subscriber growth in the mobile and home internet segments while ARPU was stable.</li><li>It guided for a low single-digit growth for its services revenue and a lower 5G access cost for FY23.</li><li>We tweak our FY23F earnings 3% higher but maintain our TP of RM5.30 on an unchanged 12x FY24 EV/BITDA and OUTPERFORM call.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

MAXIS’s 1HFY23 results met expectations. It reported positive subscriber growth in the mobile and home internet segments while ARPU was stable.It guided for a low single-digit growth for its services revenue and a lower 5G access cost for FY23.We tweak our FY23F earnings 3% higher but maintain our TP of RM5.30 on an unchanged 12x FY24 EV/BITDA and OUTPERFORM call.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Maxis Bhd

Results Note - Maxis Berhad - Onwards 5G