- Net Income: Maybank reported a higher-than-expected net income of 2.63 billion ringgit for the second quarter.
- Estimates Surpassed: The net income surpassed analyst estimates, which were at 2.57 billion ringgit.
- Revenue Figures: The company’s revenue stood at 17.08 billion ringgit during the same period.
- Analyst Ratings: The stock received diverse analyst ratings, with 12 buy recommendations, 7 hold recommendations, and 1 sell recommendation.
A look at Maybank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Malayan Banking Berhad, commonly known as Maybank, shows a promising long-term outlook. With a high dividend score of 5, Maybank is rated positively for its strong dividend-paying capability, which can be attractive to income-seeking investors. Furthermore, the company scores well in growth and resilience with scores of 4 and 3 respectively, indicating potential for future expansion and the ability to withstand market fluctuations. However, its value and momentum scores are moderate at 3, suggesting that the company may not be undervalued but still possesses stability.
Maybank, operating in the financial services sector, offers a range of services such as insurance, asset management, and internet banking in South East Asia. With a solid dividend score and positive growth outlook, Maybank could be a suitable choice for investors looking for a reliable income stream and growth potential in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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