According to reports, Maxis will hope to get listed by end of November.

I suppose the IPO will be out 3-4 weeks prior to listing.. so I'm looking at the end of this month........

Unlike Axiata, I think Maxis (Malaysian operations only) will be like TM mother share (Malaysian operatons also). Dividend based but not for "real" play. But again you will never know.

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

yes it will be returned by bank draft

becoz they (govt) want to suck more public money to enlarge local equity so that can attract foreign equity to invest in govt-linked companies to grow them (value/profile/debt rating/overseas venture) so that govt can get more money via taxes

(in few words: govt need foreign investment)

and for maxis to pay back loan

1. Yes you are above eligible >18 years old.

2. Maxis pospaid customer entitle you to Blue Form application for 1lot of share (1000 units). Collect the form from Maxis shop, follow the instructions there and then submit the form to Malaysia Issuing House (MIH) in Capsquare.

Please note that you need a CDS account before applying. Contact a stockbroker to open CDS. Also note that once opened, you can still apply for more Maxis IPO shares via the broker (white form application) OR internet banking OR the easiest is using your bank ATM.

3. No.

This post has been edited by accetera: Nov 2 2009, 06:59 PM

Any stockbroking firm. For example OSK Investment Bank in SS2 or Mohaiyani Securities in Damansara Uptown or TA Securities in Subang Jaya.

The complete list is available at http://www.klse.com.my/website/bm/brokers/...kers_alpha.html

Tip: Jusk ask around for recommendation of broker. In fact, if you go to the bank, if the officer is helpful he will recommend one for you too.

This post has been edited by accetera: Nov 4 2009, 05:16 PM

for those applying white form, i think to avoid all the hassles better apply via bank ATM next time.............

standby mode

the anticipation was so great, but now how come maxis shares not very active one?

This post has been edited by accetera: Jan 25 2010, 10:56 PM