OSK Research maintains Buy on Maxis

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OSK Research maintains Buy on Maxis

Business & Market 2010

Written by OSK Research

Friday, 19 February 2010 08:33

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KUALA LUMPUR: OSK Research is maintaining its BUY recommendation on Maxis Bhd at RM5.39, discounted cashflow target of RM5.80.

It said on Friday, Feb 19 it retained the core net profit forecast pending the release of Maxis’ 4QFY09 results on Feb 25.

The share price re-rating catalysts are: (1) greater clarity on its capital management initiatives, (2) stronger-than-expected results and; (3) larger than expected dividend declared for 4Q09.

"We continue to view the stock as a strategic large cap yield exposure given the volatile market and rising risk aversion," it said.

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Last Updated on Friday, 19 February 2010 16:36

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