KUALA LUMPUR, March 27 — Research houses maintain a positive stance on Malayan Banking Bhd (Maybank) after learning more on its Group Community Financial Services (GCFS) business...
KUALA LUMPUR, March 27 — Research houses maintain a positive stance on Malayan Banking Bhd after learning more on its Group Community Financial Services business along with the strategy installed for the respective segments.
“The good showings were backed by robust loans and deposits CAGR of 4 to 5 per cent during the four years. Furthermore, the GCFS makes up 60 to 66 per cent of total loans and deposits. Hence, Maybank looks to double down on its GCFS franchise to fuel its next leg of growth,” it shared. Meanwhile, RHB Research has maintained a Buy call on Maybank and upgraded its TP by 15 per cent to RM9.65 per share.
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