Maybank shares climbed 0.5% to hit RM9.30, reaching a new 52-week high. Analysts are optimistic about its prospects, citing robust net interest margins and strong regional loan growth, prompting target price upgrades.
Malayan Banking Bhd (Maybank, 1155) showed strong performance today, closing 0.5% higher at RM9.30, marking a new one-year high. Several research houses, including CGS-CIMB and Kenanga Research, have reiterated 'Buy' ratings and upgraded their target prices to RM10.50. This optimism is fueled by the bank's robust loan growth achieved in the fourth quarter, particularly within its regional operations in Singapore and Indonesia. Furthermore, asset quality and Net Interest Margin (NIM) remain stable despite increasing competition. Analysts project an attractive dividend yield, expected to remain around 6% as the economy recovers.
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