Malayan Banking Bhd (Maybank) shares climbed 1.5% last week to RM9.25, driven by analysts upgrading their loan growth forecasts for FY2026. CIMB Group saw limited movement, trading sideways as concerns over Net Interest Margin (NIM) compression persisted, despite robust regional operations. Maybank remains the top pick among local banks.
Malayan Banking Bhd (Maybank, 1155) was one of the best-performing blue chips last week, closing at RM9.25. Several research houses raised their target prices for the bank, citing strong performance in its international operations in Singapore and Indonesia, coupled with stable domestic asset quality. Analysts project Maybank’s FY2026 earnings growth to reach approximately 8%, driven by fee income and robust consumer lending. In contrast, CIMB Group (1023) traded flat at RM6.10. While CIMB maintains a healthy balance sheet, market concerns over persistent Net Interest Margin (NIM) compression due to competitive deposit rates weighed on its stock performance. The banking sector is expected to show divergent results in the upcoming earnings season.
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