A short term boost to the market. With the interest sparked by Maxis’ upcoming IPO, the market could see some short term fund inflow. The large cap beneficiaries of this shot of excitement may include Liquid Foreign Darlings such as CIMB (BUY, TP RM13.00), Genting (TRADING BUY, TP RM7.90) and Axiata (BUY, TP RM3.68). We maintain our overall Neutral call on the market, complemented by a 2-pronged strategy of Buying selected liquid large caps and Trading the smaller cap sectors such as the O&G, Construction, Steel and Rubber Glove sectors.
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