Malayan Banking Berhad (Maybank) shares climbed 0.53% to RM9.55, hitting a recent high. Market optimism stems from expectations of robust Net Interest Income (NII) growth in the bank's upcoming Q4 results, coupled with sustained improvement in asset quality.
Malayan Banking Berhad (Maybank, 1155), Malaysia's largest bank, showed strength on Tuesday, closing 5 sen higher at RM9.55. Trading volume was above average, indicating strong institutional interest. Analysts noted that despite the Overnight Policy Rate (OPR) remaining unchanged, Maybank is expected to report strong Net Interest Income (NII) in its upcoming Q4 FY2025 results, driven by stable loan growth and easing pressure from deposit competition. Furthermore, the bank's regional operations in Indonesia and Singapore continue to contribute stable profits. Brokerages generally maintain a 'Buy' rating on Maybank, setting a target price of RM10.20, emphasizing its appeal as a defensive blue-chip stock.
Share: