Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
2HCY11 performance was stronger than expected, with a pick-up in growth of deposits and net interest income in 4QCY11 compared to 3QCY11. We are thus raising our EPS forecasts by 5-8% for FY12 and FY13, resulting in a 6% increase in target price from RM7.80 to RM8.25 per share. As Maybank's share price has also appreciated 6% since our last report, we maintain a HOLD.
Source: ECMNewz Bits 24 February 2012 and view the original report at here
Company Name: MALAYAN BANKING BHD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 8.25 |
2HCY11 performance was stronger than expected, with a pick-up in growth of deposits and net interest income in 4QCY11 compared to 3QCY11. We are thus raising our EPS forecasts by 5-8% for FY12 and FY13, resulting in a 6% increase in target price from RM7.80 to RM8.25 per share. As Maybank's share price has also appreciated 6% since our last report, we maintain a HOLD.
Source: ECMNewz Bits 24 February 2012 and view the original report at here
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