Lacklustre earnings for Maxis to continue in FY20F — CGS-CIMB Research

Lacklustre earnings for Maxis to continue in FY20F — CGS-CIMB Research

The Edge Markets - Malaysia·2019-12-11 10:54

KUALA LUMPUR (Dec 11): CGS-CIMB Research has maintained its "reduce" call on Maxis Bhd at RM5.13 with a lower discounted cash flow (DCF) based target price (TP) of RM4.90 (from RM5.40) post earnings revision but partly cushioned by a lowering of its risk-free rate assumption from 4% to 3.5%.

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