KUALA LUMPUR: Maxis will double down on its cost rationalisation efforts with continued fibre investments, as part of its three-year cost rationalisation programme, says RHB research.
The research house said enterprise growth will be based on tie-ups and partnerships to keep cost-to-serve low.
"Greater cost agility is required due to the change in the operating and regulatory environment, with a more tactical acquisition strategy adopted.
"Management sees further opportunities to snare market share, as its larger peer is distracted by network integration," it said in a note today.
The group's core connectivity business remains the focal point of its overall strategy, with a more refined narrative communicated in due course.
However, RHB research said uncertainties remain on the policy shift to a second 5G network, which would have implications on the group's dividend prospects and capex, in its view.
RHB research has maintained a neutral on the sector with a target price of RM3.90.