Maybank (Malayan Banking Berhad, KLSE: MAYBANK) exhibits a stable outlook in the coming weeks, underpinned by solid financial performance and positive analyst sentiment. 

⸻

? Analyst Forecast & Price Targets

Analysts maintain a “Buy” consensus for Maybank, with 12-month price targets ranging from RM9.39 to RM13.44, and an average target of RM11.42, indicating a potential upside of approximately 15.45% from current levels. 

Philip Capital recently upgraded Maybank to a “Buy” rating, setting a target price of RM11.40, citing improved return on equity (ROE), asset quality, and an attractive 2025 dividend yield of 6%. 

⸻

? Financial Performance

In the fourth quarter of FY2024, Maybank reported a 6.05% year-on-year increase in net profit, amounting to RM2.53 billion, driven by higher net interest income and improved insurance/takaful service results. 

For the full year FY2024, net profit rose by 7.9% to RM10.09 billion, reflecting the bank’s resilience amid global economic challenges. 

⸻

? Growth & Dividend Outlook
• Earnings Growth: Projected at 4.4% annually, aligning with industry expectations. 
• Dividend Yield: Maybank declared a final dividend of 32 sen per share, maintaining an attractive yield for investors. 

⸻

? Strategic Initiatives

Maybank continues to focus on growth areas such as wealth management, bancassurance, and the global banking mid-market segment, which have yielded positive outcomes for the group. 

⸻

⚠️ Risks to Monitor

Potential risks include net interest margin compression, rising operational costs, and intense competition in the deposit market, which could impact funding costs. 

⸻

✅ Conclusion

Maybank’s robust financial performance, strategic growth initiatives, and consistent dividend payouts position it as a stable investment option in the banking sector. Investors seeking steady returns may find Maybank a compelling choice in the current market environment