Malayan Banking Bhd (Maybank) announced a 15% year-on-year increase in fourth-quarter net profit, surpassing market expectations. Boosted by the positive news, the stock rose 1.2% today to RM9.85 per share, becoming a significant contributor to the KLCI's performance.
Malayan Banking Bhd (Maybank) shares performed strongly today, rising 1.2% to RM9.85 per share, following its fourth-quarter earnings announcement which revealed a net profit of RM2.65 billion, a 15% year-on-year increase. This performance exceeded analysts' consensus, driven primarily by robust loan growth, improved net interest income, and lower provisions. Management expressed optimism for 2026, anticipating stable loan growth amidst a continued economic recovery. The bank also declared a second interim dividend of 28 sen per share, further boosting investor confidence. The strong results solidify Maybank's position as Malaysia's largest bank.
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