Maxis to double down on cost rationalisation efforts 

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.

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