Share Price: RM10.70 | Target Price: RM10.56 | Rating: Hold
Malayan Banking (Maybank) reported a 4Q24 net profit of RM2,532.1m (+6.1% yoy, flattish qoq), bringing 2024 earnings to RM10,088m (+7.9% yoy). The results are in line with expectations, with 2024 earnings representing 102%/101% of our/consensus 2024 forecasts.
MAYBANK Results Update for Q4 Ending 31/12/24
Research House: UOB Kay Hian Investment Bank (UOBKH)
Analyst: Keith Wee Teck Keong
FY2025 Forecast: Net Profit: RM10,403m | EPS: RM0.925 | DPS: RM0.70