Maybank shares trades on the Bursa Malaysia stock exchange under the ticker symbol MAYBANK. You will also find the company listed under 1155.KL.
Established in 1960, Maybank (Malayan Banking Berhad), is a Southeast Asian financial powerhouse. The firm is the leading provider of financial services in Malaysia with a strong presence in Singapore and Indonesia.
The company also has a presence in other financial centres such as London, New York and Hong Kong. Maybank is considered one of the top five banks in South East Asia, with an international network of over 2,200 branches and offices in 20 countries.
The company’s headquarters are in Kuala Lumpur. Khairussaleh Ramli, appointed in May 2022, is the current group President and Chief Executive Officer.
Maybank offers a suite of banking solutions encompassing conventional and Islamic banking products, investment banking, wealth management, insurance, and more. The company is known for its digital banking platform, Maybank2U, which allows customers to conveniently manage their finances online.
YOUR CAPITAL IS AT RISK
Maybank EPS and Revenue Breakdown 2020-2023
| Annual EPS | Annual Revenue | |
|---|---|---|
| 2020 | MYR 0.46 | MYR 19.67 billion |
| 2021 | MYR 0.57 | MYR 22.25 billion |
| 2022 | MYR 0.62 | MYR 23.70 billion |
| 2023 | MYR 0.63 | MYR 25.65 billion |
Dividend & Industry Comparison
Maybank Share Price & Chart
After a significant decline between 2018 and 2020, the Maybank share price staged a rally and is currently (as of August, 2024) trading close to all time highs, and levels last seen in September 2018. However, this may mean there are valuation concerns. Nevertheless, the stock has had a solid run so far in 2024 after drifting lower in 2022 and part of 2023.
According to the company’s website, it has a long-term dividend policy of a 40% to 60% dividend payout ratio based on reported net profit attributable to shareholders.
Dividend Yield: 6.01%
YOUR CAPITAL IS AT RISK
Maybank Share Price Forecast
Data compiled by TradingView shows that out of 19 analysts covering Maybank shares, eight have a Buy rating on the stock, nine have a Hold rating on the shares, and two have a Sell rating.
A View From The Bulls: In a May 2024 note, analysts at Kenanga maintained an Outperform rating and MYR11 target on Maybank. The firm said the bank “is expected to demonstrate operational resilience whilst sustaining its position as the leading bank in terms of market share.” Furthermore, they believe in Maybank’s capacity to offer the most sustainable returns via its consistent market share.
In an April note, Kenanga highlighted Maybank’s dividend yields of 6%-7% as “still attractive for the name.”
A View From The Bears: Finding a bearish view on Maybank has proven difficult.However, with the current TradingView compiled analyst consensus price target suggesting around a 1.56% decline from current levels, it indicates that its current valuation may be appropriate at current levels. For example, RHB-OSK said in a February note that “on the whole, the stock has done well over the past year, but now offers limited potential upside.”
Average Analyst Consensus 12-Month Price Target: MYR 9.83
Who Might Buy Maybank Shares
Maybank can be an attractive investment for various investor profiles, but it’s important to consider your individual goals and risk tolerance. Here’s who might find Maybank shares appealing:
The company is a dominant player in the Southeast Asian financial sector. For investors looking to diversify their portfolios and gain exposure to a growing region, Maybank offers a compelling option, given that it is Malaysia’s largest bank and a blue-chip stock.
Maybank has a history of paying consistent dividends to shareholders. This can be a good fit for income-oriented investors seeking regular payouts. The company has an attractive dividend yield, making it an appealing stock for Malaysia dividend seekers.
The company’s Maybank2U platform positions it for the continued rise of digital banking. As a result, investors bullish on this trend might find Maybank a good long-term hold.
Maybank’s success is closely tied to the performance of the Malaysian economy. Investors bullish on Malaysia’s future might find stability and growth potential with Maybank shares.
