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Analysts revise upwards Maybank’s future earnings


Better outlook: A file picture showing Maybank’s headquarters in Kuala Lumpur. Analysts have revised upwards the bank’s earnings outlook. — Bloomberg

Better outlook: A file picture showing Maybank’s headquarters in Kuala Lumpur. Analysts have revised upwards the bank’s earnings outlook. — Bloomberg

PETALING JAYA: Malayan Banking Bhd ’s financial year 2018 (FY18) to FY19 net profit forecasts have been revised upwards by some analysts after the lender released financial results that were largely within expectations.

RHB Research has raised its forecast by 6% to 9%, while revising upwards also the bank’s return on equity target to 11% from 10% previously.

   

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