Results Note � Maxis (HOLD, maintain)

Top Calls

Results Note � Maxis (HOLD, maintain) - Weak signal in prepaid Maxis�s 1H16 earnings were broadly within expectations. Prepaid operating trends were relatively weak, but management is upbeat on a turnaround in 2H16 with its refreshed Hotlink FAST prepaid plan. A 2nd interim DPS of 5 sen was declared as expected. Maintain HOLD.

Other Calls

Economy � CPI - Headline inflation improves further to 1.6% yoy in June

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