0150 GMT - Maxis Bhd.'s revenue could remain resilient as it prioritizes value over price competition, TA Securities analyst Chan Mun Chun says in a note. Growth in the telco's enterprise segment should be supported by ongoing digitalization in both private and public sectors, he says. Maxis has guided for flat-to-low-single-digit Ebitda growth in 2025 and for capital expenditure below MYR1 billion. Chan cuts his 2025-2026 earnings estimates for Maxis by 7.4% and 8.4%, respectively, to factor in the latest guidance and higher depreciation expenses. TA Securities cuts its target price to MYR3.68 from MYR3.80 while maintaining a hold rating on the stock. Shares are 0.3% higher at MYR3.53. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 20:50 ET (01:50 GMT)
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