Stock Name: MAXIS
Company Name: MAXIS BERHAD
Research House: ECMLIBRA
KUALA LUMPUR: ECM Libra Research has maintained its Hold rating on Maxis Bhd at RM5.42 with a target price of RM5.71, and said the company's 1QFY11 results came within its expectations.
'We believe Maxis is a good dividend play, with management once again re-iterating that it will maintain dividends at last year's levels of 40 sen, yielding 7.4%.
'It also revealed that it will soon be launching IPTV services riding on Astro's content soon. Maintain Hold,' it said in a note June 1.
Company Name: MAXIS BERHAD
Research House: ECMLIBRA
KUALA LUMPUR: ECM Libra Research has maintained its Hold rating on Maxis Bhd at RM5.42 with a target price of RM5.71, and said the company's 1QFY11 results came within its expectations.
'We believe Maxis is a good dividend play, with management once again re-iterating that it will maintain dividends at last year's levels of 40 sen, yielding 7.4%.
'It also revealed that it will soon be launching IPTV services riding on Astro's content soon. Maintain Hold,' it said in a note June 1.
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