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KLSE : MAYBANK       MALAYAN BANKING BHD
Last Price Avg Target Price   Upside/Downside Price Call
7.91 8.34     +0.43 (5.44%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
25/11/2016 7.71 8.04 +0.33 (4.28%) HOLD KENANGA Price Target News
25/11/2016 7.71 8.51 +0.80 (10.38%) BUY HLG Price Target News
08/11/2016 7.84 8.00 +0.16 (2.04%) HOLD TA Price Target News
25/10/2016 7.75 8.46 +0.71 (9.16%) BUY KENANGA Price Target News
04/10/2016 7.58 8.51 +0.93 (12.27%) BUY HLG Price Target News
02/09/2016 7.77 7.50 -0.27 (3.47%) HOLD ALLIANCE Price Target News
26/08/2016 7.92 7.90 -0.02 (0.25%) HOLD UOBKayHian Price Target News
26/08/2016 7.92 8.40 +0.48 (6.06%) HOLD TA Price Target News
26/08/2016 7.92 8.10 +0.18 (2.27%) HOLD MIDF Price Target News
26/08/2016 7.92 8.46 +0.54 (6.82%) HOLD KENANGA Price Target News
26/08/2016 7.92 8.51 +0.59 (7.45%) BUY HLG Price Target News
02/08/2016 8.03 9.07 +1.04 (12.95%) BUY KENANGA Price Target News
01/08/2016 8.05 9.33 +1.28 (15.90%) BUY HLG Price Target News
14/07/2016 8.11 9.33 +1.22 (15.04%) BUY HLG Price Target News


Price Target Research Article/News (past 6 months)
25/11/2016  KENANGA Malayan Banking Berhad - Towards a Subdued 2016
25/11/2016  HLG Malayan Banking - In line, with lower impairment
08/11/2016  TA Malayan Banking Berhad - Better 2H16; Earnings Visibility Remains Weak in 2017
25/10/2016  KENANGA Malayan Banking - Maybank Indonesia: Improved Margins but Loans Weaker
04/10/2016  HLG Banking - Aug Stats – Loan growth moderates further
02/09/2016  ALLIANCE MAYBANK - Asset quality blues
26/08/2016  UOBKayHian Malayan Banking: 2Q16: Commendable Revenue Growth Offset By Higher Provisions
26/08/2016  TA MAYBANK - Disappointing 1H16 Results
26/08/2016  MIDF Deliberately higher provisions
26/08/2016  KENANGA Malayan Banking Berhad - Further Deterioration in Asset Quality
26/08/2016  HLG Malayan Banking - Hit by impairment & higher R&R
02/08/2016  KENANGA Malayan Banking - BII: Strong Results but Challenges Remain
01/08/2016  HLG Banking - June Stats – Loan growth moderates further
14/07/2016  HLG Banking - Impact on 25bps OPR Cut



  11 people like this.
 
The One • Agreed.. also just sharing..

http://www.theedgemarkets.com/my/article/maybanks-3q-profit-falls-lowers-loan-growth-outlook
24/11/2016 20:24
Short Good showing.

The biggest hit on a bank the impairment loss is now contained and fully provided by Maybank.

All impairment from O&G would have been identified and provided for by this QR.

No more major impairments, results will be uptrend from now on.
24/11/2016 20:35
Short As the group has proactively restructured and rescheduled borrowers' facilities in 1HFY16, the group continues to monitor the impaired status of these loans with the intention of recognising some recoveries in 2HFY16," the bank said.

Not just contained and fully provided by Maybank, in fact, it has the ^^^ intention of recognising some recoveries in 2HFY16," the bank said.
25/11/2016 07:35
Short The key highlight for 3Q16 was the normalisation of the LLP from RM800mil to RM1bil (US$180mil to RM224mil) in 1Q-2Q16 to RM370mil (US$83mil) in 3Q16.


KUALA LUMPUR: CIMB Equities Research is retaining an Add for Malayan Banking Bhd (Maybank) based on an earnings recovery, regionalisation and expansion and tagged a target price of RM9.20.

The research house said on Friday that Maybank, Southeast Asia’s fourth largest bank by assets, would benefit from a recovery in earnings contribution from Indonesia and also the ongoing regionalisation of its operations. Another factor would be the regional expansion of its insurance and Islamic banking businesses.

“We view the drop in 3Q16 loan loss provision (LLP) positively and the management is guiding for a further reduction in LLP in 4Q16. The downside risks to our target price include a spike-up in credit costs and wider-than-expected margin erosion,” it said.

CIMB Research pointed out although the 9M16 net profit only accounted for 68% of its full-year forecast, it regards the results as in line on anticipation of stronger 4Q16 earnings from an expected one-off gain from the sale of shares in Visa Inc and lower provisioning.

“Based on the same reasoning, the results would have been above market expectations at 73.2% of consensus,” it said.

The key highlight for 3Q16 was the normalisation of the LLP from RM800mil to RM1bil (US$180mil to RM224mil) in 1Q-2Q16 to RM370mil (US$83mil) in 3Q16.

“We are also encouraged that the net interest margin only dipped by one basis point on-quarter to 2.22% in 3Q16 despite a rate cut in July 2016, thanks to the bank’s active asset-liability management to limit the margin compression. However, 3Q16 net profit fell 5.4% on-year due to stalled loan growth and lower foreign exchange income (from higher base last year).

CIMB Research pointed out that after a rise in the preceding three quarters, Maybank’s gross impaired loan (GIL) ratio fell from 2.34% in June 2016 to 2.22% in September 2016 while loan loss coverage strengthened from 70.5% to 74.8% over the same period.

“The positive take from the conference call was the management’s guidance for an even lower credit cost in 4Q16 (vs. 3Q16). On the flip side, we are negative on the management’s downward revision of its targets for FY16 – from 11%-12% to 10.5-11% for return on equity and from 8-9% to 2-3% for overall loan growth.

“We cut FY16-18F EPS forecasts by 2%-13% as (1) we lower projected FY17-18 loan growth from 9%-10% to about 3% on the assumption that FY17-18 loan growth would be close to the management’s target for 2016, and (2) raise the assumed share base from 9.8 billion shares to 10.2 billion shares for FY16-18F to factor in the new shares issued under the dividend reinvestment plan.

“As a result, our dividend discount model-based target price falls from RM10 to RM9.20 despite the roll-over of the TP to end-2017,” it said.
25/11/2016 08:58
Short The feared O&G drag down is over. The worst is over for Maybank.
25/11/2016 09:26
Warn3r I also hope MBB can reach > RM 9 in a year's time and EPF don't be the stir sht stick that it has been.
25/11/2016 09:30
voon1900 c24
25/11/2016 15:24
MuttonCurry Welcome to the land of the waterfalls ... The rainy season is well and truly upon us :( ... sigh
28/11/2016 09:26
Michael Wong Yew Kong This current economic, better stay away from KLSE, keep cash. Our gov is not for the people but to in rich they inner circle and crony.
Our duty is to work and pay tax.
28/11/2016 09:35
Michael Wong Yew Kong more waterfall for ringgit and stock market.........more worst than 1997 & 2008.....Considering selling all stock and prepare for the worse.
28/11/2016 09:43
beso mesti boleh turun lagi
28/11/2016 09:46
MuttonCurry Today all the major SEA currencies strengthen against USD .. except bolehland .. why ar ? USD start weaken but no impact on MYR ?
28/11/2016 10:38
Michael Wong Yew Kong brace yourself my follower Malaysian. I predict more worse to come. Keep more cash for now. Im thinking existing my MBB & CIMB, even defend stock like Malakoff also die. non stop drop.
28/11/2016 11:26
Forwardmind Mine sold all at 7.8 , will wait for Dec after US FED rate announment. As now I concentre on export counter..
28/11/2016 17:33
Michael Wong Yew Kong Nice. gap up.
29/11/2016 16:06
lck1300 Very good !! No more short ?
Let see tomorrow how ....
29/11/2016 21:45
gozie Michael WONG....you sounded like the prophet of doom
30/11/2016 02:45
lck1300 shit la 7.90 liao , why drop ....
big player dump again ~
30/11/2016 10:40
Michael Wong Yew Kong If KLSC drop below 1600pt,i can smell the doom day is near.
1987 - Black Monday
1997 - Asia financial crisis
2007 - Lehman brother bankruptcy
2017 - ????
30/11/2016 16:08
lazycat 2017 - uranus collapse into earth
30/11/2016 16:11
nono118 does not look good
30/11/2016 16:30
Forwardmind Is usual the price play around 7.50 to 7.80
30/11/2016 17:33
Forwardmind For Epf to sell and earn profit
30/11/2016 17:34
taktaumacammana maybe EPF/some fund manager locked in profit to clear position?
30/11/2016 18:19
goldentriangle Oil Prices Spike As OPEC Reaches Deal On Production Cut
http://oilprice.com/Energy/Oil-Prices/Oil-Prices-Spike-As-OPEC-Reaches-Deal-On-Production-Cut.html

Wow, like that by end of December should break past $60 a barrel,
hope to see next year oil price will above $70 or $80 !
It's good for our economy and stock market !
01/12/2016 07:00
Sales Keep our fingers and toes crossed.
01/12/2016 08:38
zerocool7199 Crude oil up usd 4.++ pernight.ringgit no appreciate at all and opening market seems drop again?something unusual+this 2week weird movement.feeling something bad going to happen..
01/12/2016 09:00
Michael Wong Yew Kong MBB & CIMB has same pattern, Yesterday RHB jump 25 cent.
01/12/2016 09:04
UncleSam Maybank's nationwide issue.
https://vulcanpost.com/595792/maybank-malaysia-black-friday-debit-problem/
01/12/2016 12:34
Junichiro If KLSC drop below 1600pt,i can smell the doom day is near.
1987 - Black Monday
1997 - Asia financial crisis
2007 - Lehman brother bankruptcy
2017 - ????

During the last 1997 Asian crisis, it is the US that pulled the SEA countries out of the mud. Even with no capital controls, the Won, Bath etc rallied after Fed started lowering its interest rates.

1997 - foreigners exiting SEA stock markets
2017 - ? I guess - foreigners exiting SEA bond markets. Who is the saviour this time?
01/12/2016 15:27
cmLai 2017 Asian crisis
2017 - Donald Trump
02/12/2016 07:29
mushimushi Klse will rocket monday and multiple orgasm.
http://www.thestar.com.my/news/nation/2016/12/03/bank-negara-takes-steps-to-increase-demand-for-ringgit/

No wonder ringgit kept diving all these years. All the cb exporters holding profits in foreign currency....self inflicted wounds

Chinese saying, people cannot die without hantu. Meaning institutions jahat within the country played a big role crashing currency and stock market.

Bank negara kita pandai. Bank negara boleh!!!
03/12/2016 09:32
mushimushi Ringgit will rocket and have multiple multiple orgasm. Kakaka
03/12/2016 09:35
limkokthye 2017- nothing happen
05/12/2016 20:55
cmLai Foreign investors continue selling RM-220.1m Today
05/12/2016 21:24
Mohd Zubir Impending US rates hike. Hopefully dust will settle after that...
05/12/2016 21:25
Forwardmind Tomolo will fly high...
05/12/2016 21:47
goldentriangle Foreign investors selling figures are lesser and lesser,
I believe not much funds left for selling already...
06/12/2016 07:15
goldentriangle Since US$ already at it's peak and they are making a lot of profit 'Long' US$ ,
And they will quickly taking profit and closed hedge position and
changed their direction to buying into emerging asian equities
and bonds included Malaysia stock market in this coming few days
before or on the 13/12/16 {FOMC rate hike day}
06/12/2016 07:20
goldentriangle The euro has its best day against the dollar since early June
www.marketwatch.com/story/euro-tumbles-to-21-month-low-against-dollar-after-italys-no-vote-2016-12-05

Investors appear to have swiftly moved past the ‘no’ vote in Sunday’s Italian referendum
One euro at $1.0767 late Monday in New York, up 1% from $1.0665 late Friday in New York. The currency traded as low as $1.0505 late Sunday, its lowest level since March 16 2015.
06/12/2016 07:21
goldentriangle US dollar big plunged...
I strongly believe our MYR will getting strong back !
As at 7.20 am,
US Dollar index at $100.15 (-1.30) (-1.28%)

our once MYR getting stronger, foreign funds will continuesly to buying-in into
our equities and bonds and definitely our economy and stock market will
getting better and better !
06/12/2016 07:21
goldentriangle 明年有望走挺至4.10.国行再出招.马币回神http://www.sinchew.com.my/node/1593641/%E6%98%8E%E5%B9%B4%E6%9C%89%E6%9C%9B%E8%B5%B0%E6%8C%BA%E8%87%B3410%EF%BC%8E%E5%9B%BD%E8%A1%8C%E5%86%8D%E5%87%BA%E6%8B%9B%EF%BC%8E%E9%A9%AC%E5%B8%81%E5%9B%9E%E7%A5%9E

(吉隆坡5日讯)国家银行再出招稳定马币,第二回合再出四招,包括强制出口商从12月5日起的75%出口收益转换为马币,经济学家对新举措唱好,认为可巩固外汇储备、稳定乃至强化马币,兑美元2017年有望强化至4.10区间。
06/12/2016 07:12
06/12/2016 07:22
Jack888 Market slowly slowly die ! watch out the support level KLCI 1,600 !!
06/12/2016 15:21
philip31 If oil prices go up to USD 70 per barrel ........ what do you think the pump price will be like? At least Rm2.80 if there are no subsidies. And what happen next .......... inflation sets in. So do you think any stocks in the market will perform?
06/12/2016 23:07
goldentriangle All Asian bourses are so green !
Nikkei closed at 18,496.69 (+136.15) (+0.74%)
Hang Seng closed at 22,800.92 (+125.77) (+0.55%)
Shanghai closed at 3,222.24 (+22.59) (+0.71%)
Taiwan closed at 9,263.89 (+13.12) (+0.14%)
Singapore STI closed at 2,959.84 (+10.72) (+0.36%)

All Asian bourses are closed high or almost near their new high!
Our KLSE currently still left far behind, still got plenty space to goes up...
by end of this year should break above 1680 points or 1700 points!
07/12/2016 18:04
cmLai CIMB Daybreak December 7, 2016
Malayan Banking Bhd (Maybank) faces rising problem assets in Singapore
and Hong Kong, two of its key markets, Moody’s Investors Service said.
Maybank’s problem loans in Singapore are mostly related to oil and gas (O&G)
accounts, while those in Hong Kong stem from a small number of large problem
loans. However, Moody’s opined that the bank’s strong buffers should mitigate
related risks from the two markets. (Financial Daily)
08/12/2016 09:52
lck1300 is bull sign for this stock , finally local fund stop selling ??
i'm not in here to check comment so long finally maybank show some bull sign ~
08/12/2016 10:16
armadasaxon Financial services firm Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. The filing remains the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets...apa lu cakap 2007?
08/12/2016 22:45
goldentriangle Good news...
Oil-Producing Countries Agree to Cut Output Along With OPEC
http://www.wsj.com/articles/opec-russia-upbeat-about-securing-oil-output-deal-as-meeting-begins-1481362580
ike that by end of 2016 Oil price will break $60 and our KLSE will be Bullish next Tuesday onwards, break 1700 points by end of 2016 is possible...

It's good for our economy and stock market, and Maybank definitely
will be shooting up to break above 8.1x or 8.2x in soonest of time!
11/12/2016 13:18
goldentriangle Azerbaijan, Kingdom of Bahrain, Brunei Darussalam, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Sultanate of Oman, the Russian Federation, Republic of Sudan, and Republic of South Sudan commit to reduce their respective oil production, voluntarily or through managed decline, in accordance with an accelerated schedule.
The combined reduction target was agreed at 558,000 barrels a day for the aforementioned producers. And Russia expected to be large part of cuts.
Officials said Saturday that non-members agreed to cut 558,000 barrels per day for six months starting Jan. 1, and that the deal was renewable for another six months after that.

Plus OPEC decision Nov. 30 to reduce member output by 1.2 million barrels a day,
total output will be reduced 1,758,000 (1.76 million) barrels a day!

So, i conservatively predicted that oil price will break above $60 by end of 2016,
and will break above at least $70 a barrels in the year 2017 !

It's good for our economy and stock market!
11/12/2016 13:23


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