March 1, 2011

MAXIS - Maxis cut to 'market perform' at RHB

Stock Name: MAXIS
Company Name: MAXIS BERHAD
Research House: RHB

Maxis Bhd, Malaysia’s biggest mobile-phone operator, was cut to “market perform” from “outperform” at RHB Research Institute Sdn Bhd to reflect slower growth prospects.

The fair value for the stock was reduced to RM5.65 from RM5.75, Lim Tee Yang, an analyst at RHB, wrote in a report today. -- Bloomberg

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