Maxis stock earns ROE award as first-half profit rises
Published on 10/06/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Maxis stock was last at MYR 3.52 on the Kuala Lumpur Stock Exchange on October 5, 2026, up 0.28 percent from MYR 3.51. The company also secured The Edge award for the highest three-year return on equity in telecommunications and media, while first-half net profit rose 10.9 percent to MYR 853 million, as The Edge reported on October 5, 2026.
Profit growth strengthens the award case
Maxis revenue for the first half of fiscal 2026 increased 4.2 percent to MYR 5.39 billion from MYR 5.17 billion in the previous corresponding period. The comparison combines stronger consumer and enterprise activity with tighter operating control, according to The Edge.
Return on equity reached 25.9 percent in fiscal year 2025, compared with 24 percent in fiscal year 2024 and 16.8 percent in fiscal year 2023. The three-year weighted average of 23.5 percent was the basis for the telecommunications and media award.
Analysts see value beyond MYR 3.52
MBSB Research maintained a Buy rating on Maxis and a MYR 4.05 price target in a September 9, 2026 report, as The Star reported. The target lies 15.1 percent above the MYR 3.52 reference price.
Investing.com lists a Buy consensus from 18 analysts, with an average 12-month target of MYR 4.00, a high of MYR 5.10 and a low of MYR 3.30. The average target lies 13.6 percent above the October 5 price, while the stock's 52-week range runs from MYR 3.22 to MYR 4.36, according to Investing.com.
5G costs remain the key counterweight
Maxis kept its full-year 2026 guidance for low single-digit growth in service revenue and EBITDA, with capital expenditure intensity of 10 percent to 12 percent. The company ended June with net debt of MYR 8.47 billion, down from MYR 8.52 billion at the end of December 2025, while net debt to EBITDA declined from 1.97 times to 1.92 times.
The Star reported that Maxis prepaid revenue improved 0.3 percent year over year in the second quarter, but active prepaid customers declined 0.5 percent and fiber revenue fell 0.8 percent. That mix leaves cost control and the impact of 5G wholesale fees as the most important operating variables for the next results cycle.
Maxis stock remains tied to execution
Maxis stock traded between MYR 3.49 and MYR 3.53 on October 5, 2026, with volume of 1,257,000 shares. Its market capitalization stood at MYR 27.5 billion on the same date, placing the award, first-half earnings growth and the November reporting date in the same investor discussion.
Maxis stock facts
- Company: Maxis Berhad
- Ticker: MXSC
- Trading venue: Kuala Lumpur Stock Exchange
- Price (as of October 5, 2026): MYR 3.52
- Market capitalization: MYR 27.5 billion (as of October 5, 2026)
- 52-week range: MYR 3.22-4.36 (as of October 5, 2026)
- Sector / Industry: Technology / Telecommunications Services
