Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Target RM11.10
We are impressed by Maybank's ability to sustain its loan growth at 20%+ for three consecutive quarters. Earnings met our expectations with net profit at 102% of our forecast and 108% of consensus for the six-month FY12/11 as the group changes its financial year-end.
Source: CIMB Research 24 February 2012
Company Name: MALAYAN BANKING BHD
| Research House: CIMB | Price Call: BUY | Target Price: 11.10 |
Target RM11.10
We are impressed by Maybank's ability to sustain its loan growth at 20%+ for three consecutive quarters. Earnings met our expectations with net profit at 102% of our forecast and 108% of consensus for the six-month FY12/11 as the group changes its financial year-end.
Source: CIMB Research 24 February 2012
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