PETALING JAYA: Malayan Banking Bhd
(Maybank) continues to be the top pick in the banking sector for Affin Hwang Investment Bank Research (Affin Hwang Research), supported by its resilient performance, regional presence and achievable financial targets for 2025 despite global uncertainties.
The research house has reiterated its “buy” call on the stock, maintaining a target price of RM12.10 per share, based on a price-to-book value multiple of 1.53 times its estimated book value per share for calendar year 2025.
