Meanwhile, Maxis held up pretty well, operationally, amidst shrinking sector revenue.Competition has, however, abated over the past two quarters and been reflected in improved operational performance. Competition, nevertheless, remains a near term key risk.“We raise our Sector rating to Neutral (from Underweight) after our recent upgrade on Axiata. This has been due to competition from unlisted player U mobile.“Maxis has nevertheless managed to gain revenue share over the past 2 years. Moreover sector yields at 3% are not too compelling. For sector exposure, our preferred picks are Digi and Maxis,” it said.

Source: The Star March 06, 2017 01:09 UTC