Malaysia's banking giants, Maybank and CIMB Group, showed strong share price performance this week, rising 2.5% and 1.8% respectively. Several investment banks have upgraded their price targets for both lenders, citing robust earnings expectations and an improving economic outlook.
KUALA LUMPUR, March 1, 2026 – Blue-chip stocks on Bursa Malaysia demonstrated impressive performance this week, with banking giants Malayan Banking Bhd (Maybank, Stock Code: 1155) and CIMB Group Holdings Bhd (CIMB, Stock Code: 1023) leading the charge. Maybank's share price surged by 2.5% to RM9.85 per share, while CIMB Group saw an increase of 1.8% to RM6.70 per share. Analysts attribute these gains to robust loan growth, improved asset quality, and higher net interest margins. Kenanga Investment Bank has upgraded Maybank's target price to RM10.50, maintaining an 'Outperform' rating, while MIDF Research has set CIMB's target price at RM7.20. Investors remain optimistic about the banking sector's prospects, anticipating sustained healthy earnings growth amidst Malaysia's ongoing economic recovery.
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