Malaysia's banking giants, Maybank and CIMB Group, saw their share prices dip by 0.8% and 0.6% respectively today, mirroring broader regional market sentiment. Despite the short-term pressure, analysts maintain a positive outlook on their long-term growth potential, citing robust domestic economic recovery and anticipated improvements in asset quality. Both banks are expected to benefit from stable interest rates and increasing loan demand in the coming quarters.
Major Malaysian blue-chip banking stocks faced pressure today. Maybank's share price declined by 0.8% to RM9.52, while CIMB Group saw a 0.6% drop to RM6.45. This dip was primarily attributed to broader regional market sell-offs rather than specific negative local news. Despite the short-term correction, analysts generally maintain an optimistic long-term outlook for both banks. They highlight that sustained economic recovery in Malaysia, coupled with loan growth and improving asset quality, will be beneficial. Furthermore, a stable interest rate environment is expected to help maintain their net interest margins. Both banks are anticipated to demonstrate resilience in their upcoming financial results and are likely to offer attractive dividends, appealing to value investors.
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