Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Maybank; Buy; RM8.70
Price Target: RM10.60; MAY MK
2QDec11's RM1,297m net profit was driven by higher revenues, albeit offset by higher expenses & provisions. Declared 36sen DPS (32sen applicable for DRP), implying 80% net payout; high payout likely sustainable. Maintain Buy with RM10.60 TP.
Source: HwangDBS Research 24 Feb 2012
Company Name: MALAYAN BANKING BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 10.60 |
Maybank; Buy; RM8.70
Price Target: RM10.60; MAY MK
2QDec11's RM1,297m net profit was driven by higher revenues, albeit offset by higher expenses & provisions. Declared 36sen DPS (32sen applicable for DRP), implying 80% net payout; high payout likely sustainable. Maintain Buy with RM10.60 TP.
Source: HwangDBS Research 24 Feb 2012
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