Maxis reduces prepaid tablet prices up to 50%

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KUALA LUMPUR (April 23): Maxis Bhd is reducing up to 50% of its prices for prepaid tablet plans effective May 1, 2015.

Maxis (fundamental: 1.15; valuation: 1.1) said the price of its ‘Hotlink Tablet Plan Simpack’ will be reduced by 50% from RM60 to RM30, with free 1GB data valid for 365 days.

Its 1GB data add-on price, meanwhile, will be cut from RM30 to RM25. The telecommunications company is also introducing a 2GB data add-on that will be priced at RM45.

“The affordable broadband package that comes with the option of 1GB add-on at only RM25, supports Datuk Seri Ahmad Shabery Cheek, Minister of Communications and Multimedia’s call for greater access to the Internet,” Maxis head of consumer business Dushyan Vaithiyanathan said in a statement today.

According to Maxis, once a customer purchases and activates the Hotlink Tablet Plan, it will remain active for 365 days, even if the free 1GB quota is exhausted.

The validity of additional quota will follow the latest available date of expiry.

Customers will not be charged once they have exceeded the quota, but will be able to continue surfing and streaming once a new pass is purchased.

Maxis shares closed up 6 sen or 0.85% to RM7.16 today, bringing it to a market capitalisation of RM53.31 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)