Monday, August 12, 2013

MAXIS Target Price at RM5.90 ???


RHB Investment Bank maintained a SELL call on MAXIS in their report published in TheStar newspaper on 8/8/13, titled Maxis earnings growth uncertain.

Unbelievable ! As Maxis was closed at RM7.23 on Thursday and also re-write their year high on the same day from RM7.21 to RM7.27. Today Maxis again improved it to RM7.30.

The investment bank's  target price on Maxis is RM5.90, a RM1.37 away from today close of RM7.27.

Will Maxis go down to RM5.90 or continue to move higher?

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