Bursa Malaysia Stock Watch
Maxis up on news of 'strong' dividends
kltrader
Publish date: Tue, 08 Feb 2011, 02:01 PM
kltrader
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KUALA LUMPUR: Maxis Bhd., Malaysia's biggest mobile-phone operator, rose the most in more than five months in Kuala Lumpur trading after CIMB Investment Bank Bhd. said the company may announce 'strong' final dividends.
The stock climbed 1.3 percent to 5.40 ringggit at 11:17 a.m., set for its steepest gain since Aug. 18. Rival Axiata Group Bhd., due to report earnings this month, gained 3.4 percent to 5.11 ringgit. Axiata remains the top telecommunications stock pick, CIMB analyst Kelvin Goh said in a report today. -- BLOOMBERG
The stock climbed 1.3 percent to 5.40 ringggit at 11:17 a.m., set for its steepest gain since Aug. 18. Rival Axiata Group Bhd., due to report earnings this month, gained 3.4 percent to 5.11 ringgit. Axiata remains the top telecommunications stock pick, CIMB analyst Kelvin Goh said in a report today. -- BLOOMBERG
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