In a note today, the research house said its analysis indicated that it would be most impacted by a potential spectrum payout, which could potentially impact dividends, due to its stretched balance sheet. “We believe heightened price competition in the industry would remain as U-Mobile and DiGi.Com Bhd vie for a larger subscriber base ahead of the more equitable reallocation of the 900MHz/1800Mhz spectrums (1 Jul 2017). “Maxis would be more vulnerable relative to peers owing to its higher product price points. Note that 9M16 earnings met expectations, making up 77%/75% of our and consensus estimates respectively. “Maintain Sell,” it said.

Source: The Edge Markets October 20, 2016 00:11 UTC