Maybank and CIMB Group reported better-than-expected fourth-quarter results, driven by robust loan growth and lower provisions. Several investment banks have consequently upgraded their price targets for both banking giants, reflecting increased confidence in their financial outlook.
KUALA LUMPUR, Feb 28, 2026 – Malaysia's two largest banking groups, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, announced robust fourth-quarter results for the financial year 2025 last week, both surpassing market expectations. Maybank reported a 15% year-on-year increase in net profit to RM2.45 billion, while CIMB's net profit surged by 18% to RM1.82 billion. Both banks benefited from healthy loan growth, improved asset quality, and lower provisions for bad loans. Analysts are largely optimistic about the outlook for both institutions. RHB Investment Bank upgraded Maybank's target price from RM9.80 to RM10.20, maintaining a 'Buy' rating. Kenanga Investment Bank, meanwhile, raised CIMB's target price from RM7.00 to RM7.50, citing strong regional performance. These positive earnings are expected to further bolster investor confidence in the Malaysian financial sector.
Share: