Maybank kept at ‘market perform’

Asset quality: While the stability of asset quality is positive, Maybank will continue booking in pre-emptive provisions and build up its loan loss reserves.

KUALA LUMPUR: After raising its credit cost forecast and lowering its dividend projection for Malayan Banking Bhd (Maybank), Kenanga Investment Bank has tweaked the target price slightly lower for the banking stock.

It, however, maintains a “market perform” recommendation for the country’s largest bank by assets.