According to Bloomberg data, 15 analysts rate Maybank a “buy” and four a “hold”, with target prices ranging from RM10.50 (CIMB Securities) to RM13.50 (CGS International Research). The latter implies between 10% and 20% upside potential currently, unless more analysts find reason to raise what they think Maybank shares could be worth in the coming 12 months.
An upward rerating of the stock would hinge on capital management initiatives and effective execution of its ROAR30 strategy, which runs from 2026 to 2030, say analysts contacted by The Edge.
Malayan Banking Bhd’s new five year strategy that was unveiled on Jan 20 had a moderate impact on the stock, with investors wanting clearer guidance from its upcoming earnings release on how else the bank can reward shareholders.
Closing 1.8% higher at a fresh 12-month high of RM11.36 ($3.63) at the end of the week — with a 14 sen or 1.2% gain on Friday (Jan 23) alone — the country’s largest listed company had a market value of RM137.24 billion and was trading close to the consensus 12-month target price of RM11.59 from 19 analysts tracking the stock.
