KLSE: MAXIS (6012)       MAXIS BHD MAIN : Telco&Media
Last Price Today's Change   Day's Range   Trading Volume
5.36   0.00 (0.00%)  5.30 - 5.38  1,397,300
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Market Cap: 41,897 Million
NOSH: 7,817 Million
Avg Volume (4 weeks):2,670,361
4 Weeks Range:5.25 - 5.52
4 Weeks Price Volatility (%):
52 Weeks Range:5.13 - 5.89
52 Weeks Price Volatility (%):
Average Price Target: 4.91
Price Target Upside/Downside: -0.45

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: 19.82  |  5.05%
T4Q DY | Payout %: 3.73%  |  73.87%
T4Q NAPS | P/NAPS: 0.9095  |  5.89
T4Q NP Margin | ROE: 23.89%  |  29.74%


Date Subject
20-May-2019 明讯想脱手等不到好价……
14-May-2019 [转贴] [Facebook live:浅谈Maxis bhd (Maxis)] - James的股票投资James Share Investing
11-May-2019 Maxis Berhad (KLSE) #FundamentalDaily - YAPSS
10-May-2019 下跌股:明讯RM5.20支撑
07-May-2019 Telecommunication - Rise of a regional champion: Telenor-Digi-Axiata
07-May-2019 Telecommunication - Largest Telco Operator in Asia
07-May-2019 上升股:明讯阻力RM5.44
07-May-2019 Telecommunication - Creating An Asian Mobile Giant
30-Apr-2019 明讯 服务营收目标过高
29-Apr-2019 Maxis Berhad - Undergoing Business Transformation
29-Apr-2019 Maxis - 1Q19 Results in Line
29-Apr-2019 Maxis Berhad - Costs Remain Elevated
29-Apr-2019 PublicInvest Research Headlines - 29 Apr 2019
29-Apr-2019 Maxis Bhd - Aiming to Converge
27-Apr-2019 专注3大领域·明讯首季赚4亿
26-Apr-2019 Maxis Q1 profits down 22pc to RM409m
26-Apr-2019 Maxis - Expect further U Mobile revenue loss next quarter
23-Apr-2019 Maxis - Faster speeds for business fibre users
19-Apr-2019 下跌股:明讯RM5.29支撑
08-Apr-2019 Maxis - New front for mobile wars

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.
Analyze this stock with MQ Trader system

  5 people like this.
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 AM
Lim Tek Wai Well done, the profit can let me to buy more food.
23/08/2018 11:15 AM
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 2:39 PM
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 5:06 AM
msnX13 Maxis got staff attitude problem since its binariang early launched in 1990s until today.

01/10/2018 6:42 PM
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 8:17 PM
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 PM
Junichiro Today in The Edge - More reasons to shy away from telecom sector. (page 3)
04/10/2018 12:24 PM
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 2:57 PM
geraldt9 http://www.theedgemarkets.com/article/more-reasons-shy-away-telecom-sector-%E2%80%94-analysts
05/10/2018 8:04 AM
relaks http://www.theedgemarkets.com/article/axiata-maxis-tm-time-apft-country-heights-and-prg
08/10/2018 3:36 PM
matkaya yeah keep on listening to all those articles and IB advice...you'll be a very good investor.
30/10/2018 12:43 PM
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 9:08 AM
James Ng https://klse.i3investor.com/blogs/general/191144.jsp
[转贴] [Facebook live:浅谈Maxis bhd (Maxis)] - James的股票投资James Share Investing
23/01/2019 10:26 AM
LouiseS Last 5 years EPS on increasing trend, increased by 16.5% over last 5 years, PE ratio is high at 21.83, ROE 28.52%, and dividend yield 3.45%.

03/02/2019 6:56 PM
Nura Post removed. Why?
04/02/2019 6:02 PM
Nicholasming91 Wa half profit gone
15/02/2019 12:59 PM
Nicholasming91 Network cost and operation maintenance cost
15/02/2019 1:02 PM
michaelgohmox Anaconda cost
15/02/2019 1:42 PM
PHBNsameshit future strategy seems convincing. should be stable around 5.65-5.66
18/02/2019 11:23 AM
BananaGoreng going to holan
18/02/2019 3:04 PM
DickyMe The demise of Maxis is forthcoming. 50% maybe wiped out. Same stale business, arrogant customer service, uncreative products, lousy connection and exorbitant price.
23/02/2019 11:01 AM
shpg22 Telco are being piggybacked by those internet giant that parasites on their network. Last time they used to make tons of money from IDD and local call. Now no more. But CAPEX spending is rising with new tech like 5G, later 6G, 7G. Slowly and surely they will be sucked dry.
23/02/2019 11:15 AM
Dickyyou EPF keep disposed. Will drop below RM 5?
23/02/2019 11:19 AM
DickyMe 15 sen down..hem..more should drop.
26/02/2019 11:00 AM
DTZW 1882 ya, will collect soon
26/02/2019 2:44 PM
DickyMe RM5 coming
28/02/2019 4:39 PM
lailaiaa Maxis team up with huawei for 5G, a global scandal-plaqued company operating as an espionage company for commie china. Expect maxis go to holan today.
01/03/2019 8:25 AM
lailaiaa run run ...it is X day
04/03/2019 9:02 AM
$$$< GOODLUCK >$$$ maxis start to moving up.
09/03/2019 1:37 AM
Calvin882 Down force is too strong now
17/03/2019 8:22 PM
DickyMe Delisting soon!
25/03/2019 9:32 AM
mawiLegend lets move to INARI they started installing 5G,,obviously confirmation i-phone is the 1st phone will use 5G!!! just c the shark buy milions cap INARI guys!!! come on open ur eyes n brain!!
25/03/2019 1:10 PM
calvintaneng DickyMe

Delisting soon!
25/03/2019 9:32 AM





21/04/2019 4:32 PM

21/04/2019 4:33 PM
calvintaneng https://asia.nikkei.com/Asia300/Indian-telecom-war-leaves-three-players-standing
21/04/2019 9:27 PM
silom e-commerce in short is buying and selling goods or services over Internet , think pre requisite ur phone need a data plan or Internet access for e-commerce , it could ride on this mobile technology, sunset industry ?
21/04/2019 10:15 PM
calvintaneng Oh yes
I forgot to mention
Price war by telcos over market share will lead to a race to zero profit later. Even if not zero it will be razor thin profit as Umobile, Digi and Redtone coming up and clobbering from behind
21/04/2019 11:55 PM
DickyMe "silom e-commerce in short is buying and selling goods or services over Internet , think pre requisite ur phone need a data plan or Internet access for e-commerce , it could ride on this mobile technology, sunset industry ?"

A phone is not a necessity for the wise one. One could communicate even via computers from home. Only those young punks who wants to show off their assets are keen with phone, but over time it will die out.
22/04/2019 11:11 AM
calvintaneng Digi result out

Weak quarter result

Maxis expected to be worst
22/04/2019 1:31 PM
i38888 Results is within analysts expectation
26/04/2019 3:33 PM
i38888 Heard rumours saying Huawei is buying a stake in Maxis
26/04/2019 3:34 PM
(US/CHN trade war doesn't matter) Philip Maxis and parkson cannot be compared at all...

Maxis has 2 billion revenue, 400 million profits, 18% net profit margins and 5.7% roe.

One is a REAL RED SEA with suppliers and competitors in all corners.

The other has only a few limited competitors like CELCOM, DIGI, YTL..... AND MAXIS.

Totally a blue ocean with fixed competitors ( you can't get online licensing of cellular services).

Calvin is really funny sometimes. This is how he loses respect and readers and believers.

Or he wants everyone to sell so he can buy low?

In either case.



2019 4:32 PM


26/04/2019 7:18 PM
korek2 Philip, can I get your view on upcoming IPO Leong Hup which will be listed at PER 20X historical earnings FY2017? Will it have chance to get valuation like QL? Worth applying its IPO?
29/04/2019 10:15 PM
Syndicates Holland, no place to stand ady
06/05/2019 9:20 PM
DreamKentut Post removed. Why?
09/05/2019 10:55 AM
greenpack Maxis no friend now except TM
09/05/2019 3:05 PM
YAPSS Day 68 Fundamental Daily, YAPSS will be covering Maxis Berhad's fundamental via a short animated video. It is solely based on my opinion and I hope it helps :) #YAPSS #FundamentalDaily #MaxisBerhad

Click the on the link to find out more: https://youtu.be/RUl5VhL9pe0
11/05/2019 10:03 AM
mr yong MALAYsia oil and gas company all HUGE DEBT ,Crude oil price low oil n gas sector DIE ,biggest exporter EURO don't want PALM OILplantation sector DIE ,IMDB HUGE debt,Tabung HAJI billion billion losses ,household DEBT 80% GDP MALAYsia people NO MORE purchasing power BANk and PROperty sector will going SlowDOWNn ,GOVT DEBT nearly 1 TRILLION GOVT no more MONEY do Infrastructure CONstuction sector DIE .OIL and PALM OIL contribution GDP 40% ,MALAYsia deficit,malaysia GOVT selling asset HK property selling TELCO asset to FOREIGN company,SOVEREIGN fund khazanah selling stock ,EPF selling stock,FOREIGN FUND selling malaysia BONDS ,Economy RECESSION..MALAYSIA CRISIS induced ASIAN FINANCIAL CRISIS 2019.
13/05/2019 11:38 AM
James Ng https://klse.i3investor.com/blogs/general/206469.jsp
[转贴] [Facebook live:浅谈Maxis bhd (Maxis)] - James的股票投资James Share Investing
14/05/2019 9:21 PM


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