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 Maxis - Set For Listing Again, Maxis set for US$2b listing

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debbieyss
post Sep 24 2009, 04:50 PM

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Joined: Nov 2008
From: Kuala Lumpur


QUOTE(cherroy @ Sep 21 2009, 06:00 PM)
1) It is only for purely dividend play, as growth rate is minimal, as same as TM

2) Malaysia has HP penetration rate is about 110% already (HP > population), so near matured and saturated state, further growth rate is about population growth and economy growth. So there is little need to further expansion and capex, except for newer tech come in which need for major upgrade across which in near future is highly unlikely. Population is the major issue which is the upper cap of your potential customers as well as per capital income.
That's why a lot of large cap company (even in financial), has ventured to overseas to look for more growth.

3) 2009 surely has impact on all across (it is norm to see any company register a dip in revenue and profit side), as recession kick in as well as lot of foreigner workers being sent back. (Foreigner workers also are one of chunck of prepaid business)

5) If it turns out to be 7.7% yield with consistency, it is still a reasonable dividend stock especially for large cap stocks. But share price wise won't be too exciting, may be just like Guiness type of movement but if treat it as old man stock to collect dividend only, still is a choice.
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How much is the dividend? If stingy dividend, no point holding it. But because this time is Maxis Malaysia, not Maxis Communications, therefore its movement may not look like TM's. Let's see how it goes.

 

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