Despite broader market volatility, Maybank and CIMB shares demonstrated resilience, closing at RM9.55 and RM6.70 respectively. Analysts remain positive on their robust earnings outlook and dividend payout capabilities.
Malaysia's two largest banking giants, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, demonstrated notable resilience amidst Friday's market volatility. Maybank shares edged up 0.5% to RM9.55, while CIMB remained flat at RM6.70. Analysts noted that despite the cautious broader market sentiment, both banks are favored by investors due to their robust financial performance, strong asset quality, and exposure to regional economic recovery. Loan growth is expected to remain healthy as economic activities pick up, further supporting their profitability. Their attractive dividend yields also appeal to investors seeking stable returns.
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