Ordinary bank won't carry direct account, it is the investment bank, securities firms that are carrying direct account.

Both Maybank and Public bank has their respective investment bank, which is their subsidiaries but under different entity, which cannot cross-linked on each others.

So check with your respective brokers for clarification.


From my experience, acccount activated as soon as next business day.

I can only remember of Hong Leong Investment Bank in Uptown. Opposite the police station, the building next to LX Mode

Kenanga has a branch office at The Curve.

wow....judging from walking past maxis centres, and conversations with friends, it seems like everybody is applying for Maxis shares like their 300% sure it's going to go up, up , and UP !

Both my bosses also talked to me about Maxis. The junior boss say sure can make money one. The senior boss say price can go above RM10

No logic for it to go beyond Rm10 with EPS of 30 cents.

Max around 6-7 only, just my guess, I could be wrong, as market sometimes can act illogically one due to human sentiment.

If the listed Maxis is including overseas one, then yes, it could go beyond Rm10.

Agree. But since my big boss is sharing his "wisdom" with me, I just smile and humour him-lah.

Are you subscribing to this IPO?

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Added on November 1, 2009, 9:41 pmAnyway, I've more or less decided NOT to subscribe to Maxis IPO.

My reasons:
- PE at 17 is too high.
- Earnings have been more or less flat for the past few years.
- I don't buy the 'growth will come from broadbrand' line. IMHO, Digi's mobile broadbands pwns Maxis and Celcom. And Celcom BB has twice the subscribers of Maxis. Then there's TM's dominant Streamyx and upcoming HSBB (which I will subscribe to) ... and Wimax.
- I don't buy the "growth will come from East Coast, rural areas of Sabah/Sarawak". People there are generally poor, and unlikely to contribute much to Maxis' bottomline. And they are more likely to support Celcom.
- If I want DY, I'll be better off buying REITs or stocks in low capex businesses
- I always believe in 'buy low, sell high' even though it's difficult to practise. I'm not about to buy high now.

I know I'll be pulling my hair when the price shoots up on the first day of listing

This post has been edited by Malefic: Nov 1 2009, 09:42 PM

Just my opinion. I agree with Malefic. Malaysia , having mobile peneration rate of 99%, means that there is not much room for growth. With India n Indonesia excluded, it means Maxis price post-listing will not have much upside. Why would investors pay RM10-00 for a mature company with little growth?
Telekom is a mature company with fixed line on the decline. It now relies on broadband for growth. Its price is around RM3-00 with a dividend yield of around 8%

Maxis has stated its intention to borrow RM5 billion to pay off its shareholders.

Post-listing, almost everyone owns Maxis, all institutional investors here owns Maxis, Foreign funds already own Maxis. Who will pay RM10-00 to buy Maxis?I think its post-listing price would be around RM5.30 to 5.50. Investors would probably not make a loss but they would probably not make much money. The offer price is the market price the sellers think it is worth.

People may recall that Maxis went to RM15-00 before it was delisted. But bear in mind that at that time, the majority shareholders are already quietly buying back all the shares in the open market. This time around, they are listing Maxis n not buying back Maxis.

This said, It does not mean that I would not apply for the shares. It is only that my expectations are far less than most people.I went to Maxis centre in Ipoh last Saturday but there was no queue for the IPO forms.

Post-listing, Maxis is a company heavily in debt, have a business with not much growth and slowing losing its marketshare.

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Added on November 1, 2009, 10:50 pmOSK published its analysis which put Maxis post-listing price from RM5-30 to RM5-80.

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Added on November 1, 2009, 11:20 pmThis is the comment quoted by a remisier from Kenanga Investment Bank Bhd.

Quote
One of the more common misconception about the re-quotation of Maxis on our exchange is that it is attractive as the retail IPO price for the re-quotation of Maxis at RM5.20 apiece is lower than the price of RM15.60 apiece that Ananda Krishnan paid to take it private in 2007. Before we examine this issue, let's refer to the Maxis that was privatized in 2007 as Maxis 2007 & the new Maxis to be listed as Maxis 2009.

Maxis 2007 was listed on the exchange in 2002 with the retail IPO price was RM4.36. In 2007, Ananda paid RM17.5 billion to acquire the remaining 53.3% of Maxis 2007 that he did not own (or, at a price of RM15.60 per share). This deal valued the entire company at RM32.9 billion. Maxis 2007 consists of the Malaysian operation and two overseas operation, i.e. a 74%-stake in Aircel Ltd, India and a 95%-stake in PT Natrindo Telepon Seluler, Indonesia.

Maxis 2009 has a capital base of 7.5 billion shares (compared with 2.1 billion shares for Maxis 2007 at the point of privatization). The retail IPO price is RM5.20 per share- valuing the company at RM39.0 billion. Maxis 2009 is a purely Malaysian telco play. The Indian & Indonesian operations have been stripped off and joined Ananda's private group of companies.

So, Maxis 2009 is valued at 18.5% higher than Maxis 2007 and it does not come with Indian & Indonesian operations. While not discounting the possibility that Maxis may surprise us on the upside in the years to come, we must accept the fact that Maxis 2009 as offered is anything but cheap. If you buy into this stock, you must be prepared to hold it for long term.

Maxis is very similar to Digi.com Bhd ('Digi') as both are involved in mobile telecommunication services in Malaysia only. Digi has just announced its results for 9-month ended 30/9/2009 yesterday (see Table 2 below). Digi ((closed at RM21.76 at the end of the morning session) is now trading at a PE of 16.8 times (based on the annualized EPS of 129.3 sen).
Unquote

This post has been edited by Oracles99: Nov 1 2009, 11:26 PM

agree with you.
Malaysia mobile is a matured market, so mobile service maybe not the pie that we want, but the trick is within its data services and high than average revenue per user, and leading in the telco industry.

funny enough, what is the point to have RM5.20 as IPO while the company privatised it around RM15.6 2 years ago?The main reason might be selling 25% the holding company of Maxis ,then relisting it without it's oversea lossing money sub, hey, it's that brillant? AK just restructured his company, with hefty profit, stablised local sub while reap on it oversea potential without having worrying the approve of minority shareholder?

True, maybe we all find oversea adventure unacceptable for those investor who wish to have a prudent, stable and consistent dividend counter, aren't too we are too happy to find all those restructuring plan are now gone? Maxis, from growth to grown, now a dividend counter for years to come.

Anyone can clarify on this?
Do we need to submit the Maxis bill as well?

Personally I don't think Maxis broadband will give much growth to its earnings because of stiff competition. In fact, lots of people complained about Maxis broadband too expensive and they have hidden charges which they didn't explain to their potential customers..and many of my friends already unsubscribed from Maxis broadband..talking about losing customers..haha

And I don't think East Malaysia will give much growth to Maxis too..only developed places like Kuching, Miri and Kota Kinabalu will have lots of internet users and we have to remember that Digi and Celcom has a strong presence there.

The chances are so slim... so many people applying... good luck man.

Summary :
<<<1st Method >>>
If you are Maxis Post Paid Customer

<<<2nd Method >>>
Go with White Form, ESA, ISA thru onlinebanking or ATM

Details :

<<<2nd Method >>>
Maxis IPO - Electronic Share Application ESA for Retail Public
From Link >> http://investmentaction.blogspot.com/2009/...pplication.html


Malaysian Public can apply for Maxis IPO
with
1. White Form
2. or ESA ( Electronic Share Application ) thru ATM ( RM2.50 charges )
3. or Internet Share Application thru the followings :-
i. CIMB www.eipocimb.com RM2 charge if pay thru CIMB Bank Berhad, RM5 if pay thru Maybank
ii. CIM www.cimbclicks.com.my RM2 charge for applicants with CDS accounts held with CIMB and RM2.5 for applicants with CDS accounts with other ADAs.
iii. Maybank www.maybank2u.com.my RM1
iv RHB www.rhbbank.com.my RM2.50
v Affin Bank www.affinonline.com NO FEES for application by their account holders

Details please see page 379 of Prospectus of Maxis IPO


<<<1st Method >>>
Maxis IPO - Blue Form for Maxis Postpaid Customer
From Link >> http://investmentaction.blogspot.com/2009/...s-postpaid.html

To eligible customers only
Name :
Owner of Account Number :

1. You have met the eligibility criteria for active postpaid customers of Maxis’ mobile services (other than Elite members of the Maxis One Club), and as such you are eligible to apply for 1,000 Offer Shares pursuant to the Retail Offering using the BLUE Application Form. A successful applicant will receive 1,000 Offer Shares each. Terms and conditions apply.

As an eligible postpaid customer who has made an application using the BLUE Application Form, you may still apply for the Offer Shares offered to the Malaysian public using the WHITE Application Form, Electronic Share Application or Internet Share Application.

2. However, please be advised that applicants using the BLUE and WHITE Application Forms are not allowed to submit multiple applications in the same category of application. Further, applicants who have submitted their applications using the WHITE Application Form are not allowed to make additional application using the Electronic Share Applications and Internet Share Applications.

3. You may obtain a copy of the BLUE Application Form and Maxis Prospectus from the nearest Maxis Centre / Maxis Exclusive Partners (MEPs) Centre.

4. The Retail Offering opened at 10.00 a.m. (Malaysian time) on 28 October 2009 and will close at 5.00 p.m. (Malaysian time) on 5 November 2009. The Directors of Maxis Berhad, Maxis Communications Berhad (the Selling Shareholder) and the Majority Joint Managing Underwriters (as defined in the Maxis Prospectus) may decide in their absolute discretion to extend the closing time and date for applications under the Retail Offering to any later date or dates. Any extension will be announced in a widely circulated Bahasa Malaysia and English daily newspaper in Malaysia

5. Each completed Application Form, accompanied by the appropriate remittance and legible photocopy of the relevant documents (including a copy of your recent billing statement for your subscription to Maxis’ mobile services for postpaid) may be submitted using one of the following methods:

(i) dispatched by ORDINARY POST in the official envelopes provided, to the following address:

Malaysian Issuing House Sdn Bhd (Company No. 258345-X)
27th Floor Menara Multi-Purpose
Capital Square
No. 8, Jalan Munshi Abdullah
50100 Kuala Lumpur
P.O. Box 13269
50804 Kuala Lumpur
Malaysia

(ii) DELIVERED BY HAND AND DEPOSITED in the Drop-In Boxes provided at the back portion of Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur, Malaysia,

so as to arrive not later than 5.00 p.m. (Malaysian time) on 5 November 2009, or such later date or dates as the Directors of Maxis Berhad, Maxis Communications Berhad (the Selling Shareholder) and the Majority Joint Managing Underwriters (as defined in the Maxis Prospectus) in their absolute discretion may decide.

6. Enquiries in respect of the applications may be directed as follows:

Mode of application Parties to direct the enquiries
Application Forms Issuing House at telephone no. 603-2693 2075 (10 lines)
Electronic Share Application Participating Financial Institutions
Internet Share Application Internet Participating Financial Institution and Authorised Financial Institution

You may also check the status of your application on the Issuing House’s website at www.mih.com.my, or call your respective ADA at the telephone number as stated in Section 17 of the IPO Prospectus or the Issuing House at telephone no. 603-2693 2075 (10 lines) between 5 to 10 Market Days (during office hours only) after the balloting date.

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Added on November 2, 2009, 10:13 amMaxis IPO - Book Building, Private Placement, Institutional Tranche Status

* Info below means that the respond for the institutional allocation is highly sought after and CIMB is seeking in more bidders overseas as well. If you guys got it, it will likely to go north *

Info: 30/10/09

MAXIS - Institutional tranche now over 2x covered

The institutional tranche is now over 2x covered. Asia 1on1s are being converted and quality in book is increasing. Balance of local vs Int'l demand is now 50/50. The roadshow still has Middle East, London, Europe, and USA to go with over 50x 1on1 meetings. Orders in to book prior to end of week-one (cob today) will be looked upon favorably in allocation process.

This post has been edited by kongkokking: Nov 2 2009, 10:13 AM

anyone can confirm on this?

Don't compared the previous privatised Maxis with current IPO Maxis. They are different entity.

Previously privatised Maxis is including every Maxis business. Now is Maxis (Malaysia) only.

Just the name is Maxis, doesn't mean it is the same company.

Yes, somehow the purpose of privatisation of previous Maxis is about oversea business venture issue. <-- which most analysts agree on although AK never reveal the main intention of it publicly.

It is stated in the procedure that bill must be included. For ebilling, can we print the bill ourself or do we need Maxis outlet to print it?

Just drawing a line between Maxis and Maxis Malaysia ,
in fact, Maxis Malaysia is more suitable for the new entity.

Oversea business venture are painful memory for some, mainly Maybank shareholder,
but the main point is AK isn't going to get what he need if he let Maxis staying in the market,
the approval of seperating both Maxis and Maxis international subs, so he will have to take everything down.
Now it's time to raise it up, just with Malaysia subs, and it maybe his planning from the beginning,
release all the international stake from Maxis Malaysia, stablize the company, then pay huge dividend (RM600 million) before going listing again.

Same may apply for Sarawak Energy and Bernas , which can't count on the minority shareholder.

any one able to apply the Maxis IPO via Maybank ATM machine? Seems like the Maybank ATM machine cannot perform this transaction too..

For me, I rather take the old maxis, maybe because I prefer growth, but there is no such thing as 'one size fit all', so we have to adjust our own portfolio in accordance with risk appetite/ expectation...
New maxis is going to be a dividend stock...

I did it before, and it deduct money directly from my maybank account.

1. what does a blue form means? meaning confirm allotment of share once our application is acceptable?

2. Saw green form around too and wondeirng what is it about.

3. if we apply online, will it affect our status since not many of them are given blue form

4. i am currently staying at the add not stated in my ic, wondering how the refund is going to be if they send it to my old add.

new bies here urgent reply is needed thanks.