KLSE: MAXIS (6012)       MAXIS BHD MAIN : Telco&Media
Last Price Today's Change   Day's Range   Trading Volume
5.71   0.00 (0.00%)  5.68 - 5.73  1,911,300
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Market Cap: 44,633 Million
NOSH: 7,817 Million
Avg Volume (4 weeks):1,767,361
4 Weeks Range:5.23 - 5.74
4 Weeks Price Volatility (%):
52 Weeks Range:5.13 - 6.14
52 Weeks Price Volatility (%):
Average Price Target: 5.53
Price Target Upside/Downside: -0.18

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#2]  |  18-Jul-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  25-Oct-2018
T4Q P/E | EY: 21.11  |  4.74%
T4Q DY | Payout %: 3.50%  |  73.87%
T4Q NAPS | P/NAPS: 0.9095  |  6.28
T4Q NP Margin | ROE: 23.89%  |  29.74%


Date Subject
15-Jan-2019 陈艳芳‧宽频大战 人民盼受惠
10-Jan-2019 Fiberising Malaysia
29-Dec-2018 热门股:明讯上挑RM5.57
24-Dec-2018 与Astro联盟‧明讯前景更好?
21-Dec-2018 下跌股:明讯RM5支撑
13-Dec-2018 PublicInvest Research Headlines - 13 Dec 2018
12-Dec-2018 Maxis eCommerce - Bata MY
06-Dec-2018 Maxis launches Hotlink Postpaid Flex Plus
25-Oct-2018 Maxis - 9M18 results, U Mobile impact in 4Q18
24-Oct-2018 热门股:明讯上挑RM5.40
23-Oct-2018 明讯 盈利前景黯淡
19-Oct-2018 Maxis - Pressure in prepaid segment
19-Oct-2018 Maxis - Defending Its Prepaid Revenue
19-Oct-2018 Mplus Market Pulse - 19 Oct 2018
19-Oct-2018 Maxis - Caution: Income loss from U Mobile & fibre price cut
19-Oct-2018 Maxis Bhd - Challenges Ahead
19-Oct-2018 Maxis Berhad - No Surprises
19-Oct-2018 Maxis - So Far So Good, But Expect Headwinds in 4Q
10-Oct-2018 Telecommunication - Opening Up
04-Oct-2018 Mplus Market Pulse - 4 Oct 2018

Business Background

Maxis Bhd is a telecommunications provider. Its primary services include mobile, wireless, fixed, and enterprise services, with the majority of revenue generated from mobile and wireless. The company generates mobile revenue from prepaid and postpaid subscribers, with roughly an even split between both. Within enterprise services, Maxis provides traditional managed services in addition to mobile and fixed services. Additionally, the company owns fiber backhaul infrastructure. The company generates the vast majority of its revenue in Malaysia.
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  5 people like this.
Faiza sei lo
01/03/2018 08:47
nkk53 Many msian com got hit teruk while doing business in India.Maxis now kena kuat kuat thru its subsidiary aircel
01/03/2018 17:48
chunwei94 http://www.enanyang.my/news/20180301/%e5%bd%ad%e5%8d%9a%e5%8d%b0%e5%ba%a612%e5%b9%b4%e5%b8%83%e5%b1%80%e7%99%bd%e8%b4%b9-%e9%98%bf%e5%8d%97%e8%be%be%e6%81%90%e6%83%a8%e4%ba%8f275%e4%ba%bf/
01/03/2018 22:00
Faiza How much aircel shares held by maxis
02/03/2018 21:15
nkk53 Indian also failed badli in India ventures.It will be interesting to see how the Japanese will fare in their hurried arrranged high speed train deal recently.China 's lower bid was not accepted after intense lobbying by the Japs.The japs lack dedicated,hardworking ground and site perssonels and India 'highly beraucratic land policy will be the big stumbling block to the hst deal.Let wait and see
03/03/2018 08:58
Cannon King Maxis kena kaw kaw d this time. Although they are asking India court to grant bankrap protection, we never know how much in the background already wiped out from the mother company to support it initially.
06/03/2018 05:35
chunwei94 http://www.sinchew.com.my/node/1733534 hor hor hor.
06/03/2018 17:34
Syndicates Why keling always have a lot of pattern one? Keling related stock always unreliable
06/03/2018 20:00
faizkl U.S. Seeks Deal With China in Bid to Avert Trade War: https://www.bloomberg.com/news/articles/2018-03-25/mnuchin-cautiously-hopeful-china-trade-deal-can-be-reached
26/03/2018 14:54
Junichiro The reality is telcos here will see little growth. Little growth means stagnation. IBs can put higher n higher TP but how high can they go?
Maxis would lose Umobile wholesale rentals as the year progress on.
25/04/2018 12:07
kiasoocheena Same goes with china muka babi and melayu muka kerbau one... not only keling one mah....satu malaysia mah...
27/04/2018 17:20
ZicoManuel the indian venture is really killing maxis
28/05/2018 14:50
Junichiro The Indian venture is killing Maxis Communications Bhd and not Maxis Bhd. These 2 are different companies.

Maxis Communications Bhd has already been taken private. The one listed in KLSE is Maxis Bhd.
28/05/2018 15:05
TheLegend27 Maxis sponsor RTM1 world cup broadcast
10/06/2018 15:23
cherokeel Whats going on here? Why is the price crashing?
21/06/2018 11:20
signalmw why maxis price not drop even ISP provider
28/06/2018 10:13
apolloang maxis 1st day listing price now but excluded dividend since 2010
28/06/2018 11:45
kiasoocheena with the old fella is back....all sort weird stuff will happen...we are back to 80's.
28/06/2018 16:56
apolloang since listing maxis had paid dividend amounting to RM 2.80.those who apply the IPO at 4.80 now still make.5.27+2.80=8.07
28/06/2018 21:13
Junichiro "since listing maxis had paid dividend amounting to RM 2.80.those who apply the IPO at 4.80 now still make.5.27+2.80=8.07"

U are right. But if u have sold at $7.00, u would have make even more.
Business dynamics now does not favour telecom sector. High debt, high spectrum fees, fierce competition ....
28/06/2018 23:21
Junichiro "with the old fella is back.."

We need this old man. It is jibby who raise spectrum fees and put telcos on slippery slope. Why is BN gomen so hard up for $$$. Now it is clear that 1MDB have put M'sia in financial strain. Jibby is living on borrowed time. Even if BN is in power, crash will come.

All the wasteful gomen spending by Jibby such as TRX is just to put M'sian temporarily on cloud 9. Now there is oversupply of office space.
By the time TRX is completed, we are likely to see a recession. Google to see the correlation between recession n skyscrapers.
28/06/2018 23:30
kiasoocheena not interested in the previous fella as well.
29/06/2018 17:29
Midas57 https://www.thestar.com.my/business/business-news/2018/07/03/telekom-plans-afforbale-entry-level-unifi-at-30mps-below-rm100/
03/07/2018 14:23
Midas57 Time to jump to TM
03/07/2018 14:29
apolloang apa ini? profit down still can up 6cts?
18/07/2018 12:35
truly 如TM之前承诺的Unifi与Streamyx特定用户将得到免费升级,今天(7月18日)可以开始在TM的网站查询是否符合资格了,但是必须注意的事免费升级是分阶段的。 
少过20Mbps–> 100Mbps 
30Mbps–> 300Mbps (RM179) 
50Mbps–> 500Mbps (RM199) 
100Mbps–>800Mbps (RM329)
20/07/2018 14:39
Larrytrader Thanks
20/07/2018 15:15
loonginv monday gap down, maxis involved probe case in India. first AA now maxis......run fast. better avoid ananda related ctr
21/07/2018 21:20
freddiehero lol penic again..
21/07/2018 21:26
freddiehero if no body sell no penic lo.m
21/07/2018 21:26
loonginv will c
21/07/2018 21:29
86chong what is the good price to in?
10/08/2018 10:56
86chong flying time http://www.theedgemarkets.com/article/maxis-launches-fibre-broadband-plans-consumers-businesses-prices-65-lower
20/08/2018 15:48
curious2 RM 89 30Mbps broadband any1 here using? Any complain abt their service? TM very slow yet expensive.
21/08/2018 00:17
Jasper Coo This stock become stronger and stronger, worth to invest
21/08/2018 11:24
wisdomtot TM thought they were smart to restrict their 30Mbps plan for B40...alienating the M40 and T20...which have now been the customer segments targeted by Maxis... well done Maxis..after this Maxis can cross sell, up sell to these 2 big spending groups... the marketing strategy brains are definitely in Maxis. Quick to pounce on opportunities..
22/08/2018 16:47
Junichiro In the short term, its EPS would be reduced due to cut in prices. In the long term, it has now another source of growth since there are so many unserved or under-served areas which TM would not venture.
22/08/2018 20:29
JinAurora Maxis is the large client of binacom, recently maxis launched new plan and expand the business into fiber optic sector, binacom definitely will have advantage on this expansion.
23/08/2018 11:03
Lim Tek Wai Well done, the profit can let me to buy more food.
23/08/2018 11:15
James Ng https://klse.i3investor.com/blogs/general/175061.jsp
[转贴] [MAXIS BHD:市场将保持竞争性,收入和EBITDA将分别下降中个位数或高个位数,基本资本支出将在RM10亿] - James的股票投资James Share Investing
23/09/2018 14:39
BN_better RM 89 30 Mbps no 1 use in i3 true? Any complain bec TM unlimited plan min is RM 129.
26/09/2018 05:06
msnX13 Maxis got staff attitude problem since its binariang early launched in 1990s until today.

01/10/2018 18:42
relaks Takutnya! Aku nyaris kencing!
Reminded of my COO masa aku freshie dulu. Dia ni, bila marah ( selalu, very hot tempered punya org) sweep everything off his desk! Klau ada pen, buku atau file, dia langsung throw at the staff! Macam tu! Tiap2 Isnin meeting, aku duduk hujung hujung bilik, near the door. Bila dia hantam meja, baling file, I cepat2 cabot pigi tandas! Hahaha! Dunno how my manager bole tahan. Lucky, aku tak report sama dia. Bila dia quarrel with his wife, come to office pick on semua org! Org macam tu really not fit to be in management. Need counselling! That lady too!
01/10/2018 20:17
qmtronic With TP 5.2, I pulled out all my investment in maxis. Poor maxis workforce with poor work ethics lost my faith in this counter...
04/10/2018 12:04
Junichiro Today in The Edge - More reasons to shy away from telecom sector. (page 3)
04/10/2018 12:24
stuffx The issue with maxis staff attitude is not a new thing. I have been scolded once by a Maxis staff because I canceled my iphone pre-order due to their late delivery.
04/10/2018 14:57
geraldt9 http://www.theedgemarkets.com/article/more-reasons-shy-away-telecom-sector-%E2%80%94-analysts
05/10/2018 08:04
relaks http://www.theedgemarkets.com/article/axiata-maxis-tm-time-apft-country-heights-and-prg
08/10/2018 15:36
matkaya yeah keep on listening to all those articles and IB advice...you'll be a very good investor.
30/10/2018 12:43
commonsense In terms of financials, the company actually did not do that bad. 9m18 revenue was actually flat vs 9m17 (fell by 2.5%). However the 9 months profit ,PBT and PAT fell by 8% and 7% respectively which signals margins compression which is likely to continue going forward.

Given the high valuation of 20x PE, investors would have expect the company to provide them with some profit growth to compensate the high price paid.

Some of the current headwind faced by the telco industry in general are:

1) High competition between the different operators
2) Malaysia is already a saturated market. On average Malaysian owns more than 1 phone per person.
3) Government pressure for telco companies to reduce their price but at the same time provide better services to the public which would only mean lesser revenue but higher capex and opex cost.

All these will only expect to lower the company's margin even further. Based on the average forecast of 7 analysts, the target PAT for FY19 is RM1.87bil. At the current price, the company is valued at 22.7x PE which is high for a company that will actually provide limited profit growth to its investors (if any).

Another pressure to the share price would be the continuous selling by EPF. As of 3rd December, they still have 898mil shares of the company.

Those that are interested in the telco industry are advice to look at other companies that might be able to provide some growth but at a cheaper valuation. Maybe try looking at companies that are not directly involve in the telco industry but is a proxy/ service provider to it. Like cable supplier/ provider or telco tower owners etc. If you are still interested in Maxis, maybe just wait till EPF stops selling.

Those that are already invested are advice to diversify their portfolio to companies that would be able to provide some profit growth in the near to mid term (to compensate Maxis negative profit growth for the same period).

For those looking to diversify their portfolio outside of the Telco industry, i would recommend them to look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.9x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope Maxis can proof me wrong and deliver the growth that are expected of them from their existing shareholders.

Good luck
07/12/2018 09:08


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