Good news, MAXIS will be onboard at KLSE on coming Thursday.
According to the news, the final price is RM4.75. This is a really attractive price to buy at. Why I recommended so? Maxis Berhad basically is a 2nd largest telecommunication company in Malaysia, which is below Digi Berhad. Imagine Digi share price is already above RM20. This is amazing in the first place if Maxis able to increase it's earning per share dramatically within few quarters and years.
Apart from potential earnings, Maxis has the ability to maintain a generous dividend payout to its shareholders, and emerge from the slowing growth in the domestic telecommunication market via strong data revenues. Besides, Maxis retail IPO also over subscribed of 200% from the investors, and it has been paying attention from the whole country investors, as well as foreign investors.
In summary, with a higher dividend payouts and a strong earnings, Maxis is definitely a strong growth company to invest to.
I foresee the price will shoot up to sky high in the first day, and it will slight correct in the following days. My strategy will be enter 1.5 lot below RM5 in the 1st day when it opens, and enter 1 lot after few days of correction, around RM4-RM4.75. Nonetheless, I'll need to see how the investor reaction to play this game.
Happy investing.
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