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Thursday, August 14, 2014

Citi Research - Maxis Vulnerable as TM Grows its LTE Business

Folks,

Here is the latest article that I wrote on telecommunications industry, which was published today (Thursday, Aug 14, 2014).

The article is largely based on the recent report by Citi Research, a division of Citigroup Global Markets Inc.

Source: The Edge Financial Daily, Thursday, August 14, 2014, page 5
The original report can be read here.

In general, Citi Research is "broadly underweight" on the overall Malaysian telecommunications sector citing weak earnings growth outlook, premium valuations and compressed yields.

As for its recommendations, Citi Research has:

  • "Sell" for Maxis and Telekom Malaysia
  • "Neutral" for DiGi and Axiata


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