Monday, August 23, 2010

Malayan Banking Berhad : Dishing Out Dividends - 23/08/2010

♦ 4QFY06/10 results within expectations ... Maybank’s 4Q results were
within our (upper-end) and consensus estimates with FY10 net profit of
RM3.8bn (+75% yoy, core basis) accounting for 105% of our and 102.5%
of consensus full-year forecasts. Note that Maybank made some preemptive
provisioning in the tune of RM334m during the quarter, excluding
which, the results would have been even stronger.

Malayan Banking Berhad : Dishing Out Dividends - 23/08/2010

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