Earnings Alerts

Maybank (MAY) Earnings: 3Q Net Income Aligns with Estimates at 2.54 Billion Ringgit

By November 26, 2024 No Comments
  • Net Income Met Expectations: Maybank‘s net income for the third quarter was 2.54 billion ringgit, which was in line with analysts’ expectations.
  • Revenue Figures: The company reported revenue of 16.69 billion ringgit during the same period.
  • Analyst Ratings: Maybank has 11 buy ratings, 8 hold ratings, and 2 sell ratings from analysts.

A look at Maybank Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience2
Momentum5
OVERALL SMART SCORE3.6

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

Malayan Banking Berhad, operating as Maybank, shows a promising long-term outlook based on the Smartkarma Smart Scores evaluation. With a high Dividend score of 5 and Momentum score of 5, Maybank is positioned well for steady dividend payments and strong market performance. The Value score of 3 indicates a fair valuation, while the Growth score of 3 suggests potential for future expansion. However, the Resilience score of 2 raises some concerns about the company’s ability to weather unforeseen challenges. Overall, Maybank‘s outlook appears positive in terms of dividends and market momentum.

As a financial institution offering a range of services including insurance, asset management, and stock broking, Maybank serves customers in South East Asia. The company’s strong focus on dividends and market momentum bodes well for its long-term performance. While there are areas for improvement in terms of resilience and value, the overall outlook remains optimistic for Maybank‘s future growth and stability in the region.


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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