‘Buy’ call on Maybank retained

PT Bank Maybank Indonesia Tbk

PETALING JAYA: Maybank Bhd’s share price, which has gained 15% year to date, will likely be range-bound in the near term as first half 2017 earnings were weaker than expected.

According to RHB Investment Research, the stock will continue to outperform the KLCI over the longer term as it is a key beneficiary of the country’s strengthening economy.