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NewsMaybank offers resilient growth prospects, says HLIB Research
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Maybank offers resilient growth prospects, says HLIB Research
by Cals Thu 13 Aug 2015, 12:06
Maybank offers resilient growth prospects, says HLIB Research
KUALA LUMPUR (Aug 13): Hong Leong IB Research has a “Buy” rating on Malayan Banking Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with a target price of RM11.30 and said the stock offered resilient growth prospects.
In a note today, the research house said Maybank offers resilient growth prospects (FY14-17 CAGR of 9%) at undemanding valuations of 10.4x and 9.4x FY16-17 P/E (versus 5-year average 11x) and 1.42x P/BV (11% below its 5-year historical average 1.6x).
“Moreover, dividend yield is attractive at 6.5-7.7% for FY15-17.
“A decisive breakout above RM8.70 (50% FR) bodes well for the stock to advance higher to more formidable resistances at RM8.98 and our long term objective of RM9.15 (50-d SMA). Cut loss at RM7.93,” it said.
KUALA LUMPUR (Aug 13): Hong Leong IB Research has a “Buy” rating on Malayan Banking Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with a target price of RM11.30 and said the stock offered resilient growth prospects.
In a note today, the research house said Maybank offers resilient growth prospects (FY14-17 CAGR of 9%) at undemanding valuations of 10.4x and 9.4x FY16-17 P/E (versus 5-year average 11x) and 1.42x P/BV (11% below its 5-year historical average 1.6x).
“Moreover, dividend yield is attractive at 6.5-7.7% for FY15-17.
“A decisive breakout above RM8.70 (50% FR) bodes well for the stock to advance higher to more formidable resistances at RM8.98 and our long term objective of RM9.15 (50-d SMA). Cut loss at RM7.93,” it said.
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