IMHO, Maxis IPO is definitely can be invest in short term, the price might shoot high due to IPO from giant company............. but for long term with PE of 17 which is kinda high in this sector, I wont choose this

I don't think so. Most probably issue cheque or bank draft. Because according to Maxis call center staff, the blue form has to reach KL by next week.
Forgot to ask them about payment method. Maybe later I call again and check. Now no mood to call lar coz all my shares ang ang at the moment.

Banker cheque...
personal cheque don't think can...

ya makes sense....if not can give bounce cheque....

Cannot pay using ATM?

Actually wut's the proper procedure arr... All this while I apply my IPO via ESA... Suddenly this one need to use back form... So lost here.

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Added on October 29, 2009, 1:16 pmActually I don't understand this blue form... Higher chance to get is it?

This post has been edited by lung: Oct 29 2009, 01:16 PM

You need to enclose your cheque with the form, enveloped and bring or post it to Capsquare. There's always little boxes there for you to drop your envelope like the ones you see in post office.

Blue form is for special people such as current pospaid subscribers (so the probability of getting it is slightly higher compared to all public).

1. But the limit is only 1000 ?

2. Another question is once you apply blue form, can you still buy using same name via ATM???

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Added on October 29, 2009, 1:25 pm


Maxis fair value at RM5.30-RM5.80: OSK

MAXIS Bhd, which is conducting Malaysia’s biggest stock offering, has a fair value of RM5.30 (US$1.51) to RM5.80 a share, according to Jeffrey Tan, an analyst at OSK Research Sdn Bhd.

This is higher than the indicative price of as much as RM5.20 that Malaysia’s biggest mobile phone company yesterday said it will offer to individual investors.

Tan’s estimate would give Maxis an equity value of as much as RM43.5 billion. He made these comments in a report today.

On fair value:

“We value Maxis, Malaysia’s largest mobile operator, at an equity value of RM39.8 billion to RM43.5 billion, implying a fair value of RM5.30 to RM5.80 a share. The valuation translates into 14.8 times to 16.2 times, the company’s estimated 2010 earnings per share.

“Maxis will be positioned as a stock that provides sustainable and strong dividend yields, similar to listed mobile telcos in markets where growth has leveled off. Notable examples are StarHub Ltd. and MobileOne Ltd in Singapore.

“We expect Maxis and Digi.Com Bhd to be pitted alongside each other in being able to reward shareholders via generous dividends and potential capital management.

“On a discounted cash flow basis, the stock is valued at RM5.80 a share, based on 9 per cent weighted average cost of capital, and terminal growth of 1.5 per cent.”

On market share:

“We expect Maxis’ share of subscriber and revenue to remain under pressure on the back of the maturing mobile market and intense competition. While Maxis was the first to introduce wireless mobile broadband back in September 2006, its market share has been on the decline over the past 12 months as competing products were launched by Celcom (Malaysia) Bhd. and Digi, coupled with the emergence of WiMax broadband services.

“While Maxis has a strong following in the prepaid and postpaid segment, its dominance has and will continue to be threatened by the rejuvenated Celcom and an agile Digi. Celcom had made clear its intention to reclaim the number one spot by 2011. We also note that Celcom’s market share has widened 4 percentage points over the last 8 quarters, mainly at the expense of Maxis.”

On market capitalisation:
“While deprived of the longer term growth story with the overseas assets hived off, Maxis is a core holding for exposure to Malaysia’s mobile telecoms. Based on the implied market capitalization and our assumed free float factor of 0.5-0.75, Maxis will be ranked among the top five of the FTSE KLCI Bursa Malaysia Index when included in the next review of the index in December.

“It could potentially become the fifth largest component of the FTSE KLCI, behind Maybank.”

On debt plan:

“We believe Maxis would have no issue securing additional borrowings given the group’s commendable credit profile and the relatively under-leveraged balance sheet. We forecast its financing cost to surge in 2010 on the back of the additional borrowings.”

On rival Axiata Group Bhd:

“For a more enriching and longer term growth story, we prefer Axiata for its more attractive valuation, following the recent de-rating, at 13.3 times” its estimated 2010 earnings per share, “as well as its stronger net earnings” growth of more than “20 percent in the next” two years. - Bloomberg

This post has been edited by accetera: Oct 29 2009, 01:26 PM

1. But the limit is only 1000 ? YES
2. Another question is once you apply blue form, can you still buy using same name via ATM??? YES

phew went to maxis center jus now..
the queue is real long..need 2 take number sumore just to get the forms

hah serious kah? wah sien la like that...

1)yes
2)credited, No
3)RM1.00 for M2U, dunno abt other banks
4)M2U eShare will show u the status after a couple of days

This post has been edited by mopster: Oct 29 2009, 02:03 PM

according to IPO, 4.XX bilion rm in bank deposit will just have 75 million rm after IPO, im not sure what thats means, anand took all the cash? or MCB took it and pass it back as loan?

yaa..but i ended up without getting the form bcoz the acc is under my dad's name ..need the account owner to be there according to them

oh kesian u. pat pat...

I'll probably go at night later to collect the form....

I tried to open a Non Margin Facility Application in M2U but it doesn't show my account no. in the form so the application can't process. But when i try using my wife's it shows the Personal Current Account no. in the form. Open a CDS account must have PCA? I thought Saving Account also can.

I will try to get my Blue Form from their Authorised Dealer tonight. I hope they already have it.

This post has been edited by sailou: Oct 29 2009, 02:19 PM

huh? Not that I know of. I have used my savings account in M2U to apply for IPO before, by inserting my CDS account (applied through OSK)...no problem leh....

Huh which centre u went to? I went to the one near Bangkok Bank (Petaling Street) no one there also. I was the only customer in there.

Anyway I called my remisier, she say blue form is almost guaranteed one. You can still apply for more via white form. But the blue form one really need to use the form and bank draft to submit... Cannot use ESA or ATM zzz... I can't remember the last time I use a snail mail.

Really almost guaranteed?

Ughh at first I don't wanna bother with the blue form and just apply the white one. But if it's true where it's almost guaranteed, I think need to try both ways already.

My bullet will only be available if I get to sell off some of my shares.
So hopefully tomorrow GREEN CI....and of course if my counters can be Green... I shall then dispose some to purchase this 1000 shares blue form...
cross my fingers!

After going through the Thread, can I say that, the application done through Blue and Green form, will be given higher priority than "Applying through ATM"?

More difficult than kena 4D Toto.