Malayan Banking Berhad (Maybank) announced better-than-expected fourth-quarter results, with a 12% increase in net profit. Analysts are optimistic about its robust asset quality and growth prospects, maintaining a 'Buy' rating with a target price of RM10.20, citing strong regional performance.
Malayan Banking Berhad (Maybank) recently announced encouraging fourth-quarter results for FY2025, with net profit increasing by 12% year-on-year, surpassing market expectations. This growth was primarily driven by loan expansion, improved net interest income, and contributions from non-interest income. Analysts widely lauded Maybank's performance, citing its strong regional presence, particularly in Singapore and Indonesia. Despite economic uncertainties, Maybank's asset quality remains robust. Several investment banks have reiterated their 'Buy' rating for Maybank, setting a target price of RM10.20, anticipating attractive dividend yields. The stock closed at RM9.55 last Friday, up 0.53%.
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