Maybank shares rose 1.2% today to hit a 52-week high of RM9.85. Several investment banks have upgraded their target prices for the banking giant, citing strong earnings growth and attractive dividend prospects. This positive sentiment reflects confidence in the bank's robust financial performance and strategic initiatives.
Maybank's share price saw a significant surge today, closing up 12 sen at RM9.85, marking a new 52-week high. This rally comes on the heels of its robust fourth-quarter earnings report, which revealed a 15% year-on-year increase in net profit. Analysts widely attribute this strong performance to Maybank's impressive net interest margin (NIM) expansion and improved asset quality. Kenanga Investment Bank has upgraded its target price from RM10.20 to RM10.80, maintaining an 'Outperform' rating, citing solid loan growth and ongoing cost control initiatives. Investors are also drawn to its attractive dividend yield, which is expected to continue attracting capital inflows. Moving forward, Maybank is well-positioned to maintain its market leadership throughout 2026.
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