KUALA LUMPUR (Jan 6): Maybank Investment Bank (Maybank IB) has set a "neutral" call on the telecommunications industry following the government’s decision to review its fifth-generation (5G) network roll-out model. The outcome of the review could have material longer-term implications to mobile telecommunication providers, it said in a note on Thursday. “Note that the 5G incumbent Digital Nasional (DNB) is already trialling 5G services with Yes and TM (Telekom Malaysia Bhd) in Putrajaya, Cyberjaya and selected areas in Kuala Lumpur. As such, the policy uncertainty would likely weigh on sentiments in the near term. In the meantime, Maybank IB named TM and Axiata Group Bhd as its top picks, with a target price of RM7.40 and RM4.50, respectively.
