Maxis shares up 2.16pct in early trade
KUALA LUMPUR: Maxis Bhd’s share price was up by 2.16 per cent in early trade on Monday, after it recently announced a stronger net profit in the second quarter of 2026 (Q2 2026).
KUALA LUMPUR: Maxis Bhd's share price rose by 2.16 percent in early trading on Monday following the company's announcement of a stronger net profit in the second quarter of 2026 (Q2 2026). At 10:38am, Maxis shares climbed eight sen to RM3.78, with a trading volume of 4.53 million shares. The firm reported a higher net profit of RM436 million in Q2 2026 compared to RM398 million in the same period last year. Revenue grew to RM2.66 billion from RM2.56 billion previously, buoyed by higher device and service revenue.
MBSB Investment Bank Bhd (MBSB IB) stated that its revenue forecast remains unchanged but increased its profit margin assumptions to better reflect Maxis' updated cost structure, recognizing the company's ongoing efforts to improve operational efficiency. This led to an upward revision in FY2026 to FY2028 earnings estimates between 6.4 percent and 7.4 percent. Consequently, MBSB IB raised its target price for Maxis shares to RM4.31 from RM4.05, maintaining a Buy recommendation on the company.
Similarly, Kenanga Investment Bank increased its FY26 earnings forecast by 5.3 percent, citing Maxis' latest guidance in delaying Digital Nasional Bhd's equity accounting to Q4 FY26.
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