Maxis Likely to Post Robust Earnings in 2Q

Dow Jones
Jul 21

0112 GMT - Maxis could see core net profit rise 6%-8% on year in 2Q, supported by steady service revenue growth and further cost savings from efficiency initiatives, says CIMB Securities analyst Choong Chen Foong in a note. Core net profit is forecast to grow 4% in 2026 before easing 3% in 2027 due to the full-year impact of Digital Nasional's losses following the ownership transition, he says. Maxis is a shareholder of Malaysia's state-backed 5G infrastructure firm Digital Nasional. Digitalization efforts and lower capital spending are expected to support earnings resilience, he adds. CIMB maintains a buy rating on Maxis and keeps target price at 4.35 ringgit. Shares are 0.3% higher at 3.61 ringgit. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

July 20, 2026 21:12 ET (01:12 GMT)

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