Maxis Berhad (6012.KL)

Maxis Berhad (6012.KL) — VMCI valuation read

Maxis Berhad sits at VMCI 54/100, with the Communication Services sector median at 50. That 4-point spread is the first thing to note on 6012.KL: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 6012.KL are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 6012.KL: 6012.KL trades at 20.0x earnings, 11% above the Communication Services median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Communication Services median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 0.8x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

6012.KL fell 1.2% over the trailing 7 days, with a -18.5% read on a 30-day basis.