OSK Research upgrades forecast on Maybank's earnings growth

Lender's conservative attitude towards provisioning key factor for OSK's 2.6% earnings growth forecast in 2010.

OSK Research is now more upbeat on Maybank Group's earnings growth prospects, as it is well positioned to ride on the economic recovery.

OSK Research said in a report on Wednesday that Maybank's conservative provisioning in the past, improving asset quality, strengthening capital base and larger regional footprint, will help propel earnings.

"We have raised our financial year (FY)10 and FY11 earnings forecast by 2.6 percent and 5.5 percent respectively, on the back of stronger loans growth and lower credit cost assumptions.

"This is in addition to our return on equity (ROE) forecast to 13.1 per cent (FY10) and 14.0 per cent (FY11)," OSK Research said.

View the full story in Bernama.

Also Read

Citi appoints new sales head for key Asian markets

Citi combines in Japan, North Asia, and Australia clusters

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia