Apr 29, 2010

MAYBANK Target Price - Financial Analysis

stock code 1155 BUY RM7.47 
Price Target : 12-month RM 9.00

maybank-financial-data

Maybank Malaysia
•  Strong domestic franchise for consumer and business loans placing it in a solid position to ride on the economic recovery. Largest market share (22%) in domestic deposits.
•  Indonesian operation poised for robust 20% loans growth and 35% 3-year earnings CAGR. Sharp improvements emerging.
•  Major laggard being the only large cap bank trading below +1 SD. Low foreign shareholding levels (11%) versus CIMB (40%) and Public Bank
(26%).

 maybank-chart

by HWDBS Vicker Research