Malayan Banking Bhd (Maybank) shares climbed 1.5% to RM9.25, supported by strong Q4 earnings expectations and a stable dividend policy. Analysts are generally optimistic about its future performance, maintaining 'Buy' ratings.
Malayan Banking Bhd (Maybank) shares showed robust performance today, rising 1.5% to RM9.25, becoming one of the main drivers for the KLCI. The market generally anticipates strong performance from the bank's upcoming Q4 FY2025 results, primarily due to growth in net interest income and improved asset quality. Analysts highlighted that Maybank's consistent dividend payout record also attracts yield-seeking investors. CGS-CIMB Research maintained its 'Buy' rating on Maybank with a target price of RM9.80, citing its strong franchise and exposure to regional economic recovery. Other blue-chip stocks like Tenaga Nasional Bhd saw a slight dip of 0.3%, while Top Glove gained 0.5%.
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