Maybank's 4Q NIM Likely to Face Pressure From Deposit Competition -- Market Talk

Dow Jones

Nov 27, 2024

0154 GMT - Malayan Banking's net interest margin is likely to remain under pressure in 4Q due to heightened fixed deposit competition in the banking sector from October to December, says Hong Leong IB analyst Chan Jit Hoong. However, the impact should be offset by a disciplined loan growth strategy and a more measured approach to deposit competition, he notes. Loan growth is expected to slow further, but favorable forex translation from a weaker ringgit could support headline performance. Maybank's valuations appear fair, with a balanced risk-reward profile and no significant catalysts to drive the share price higher, Chan adds. Hong Leong raises Maybank's target price to MYR11.10 from MYR10.80, following stronger than expected 3Q earnings, while maintaining a hold rating. Shares are up 0.4% at MYR10.26. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

November 26, 2024 20:54 ET (01:54 GMT)

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However, the impact should be offset by a disciplined loan growth strategy and a more measured approach to deposit competition, he notes. Loan growth is expected to slow further, but favorable forex translation from a weaker ringgit could support headline performance. Maybank's valuations appear fair, with a balanced risk-reward profile and no significant catalysts to drive the share price higher, Chan adds. Hong Leong raises Maybank's target price to MYR11.10 from MYR10.80, following stronger than expected 3Q earnings, while maintaining a hold rating. Shares are up 0.4% at MYR10.26. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 20:54 ET (01:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Maybank's 4Q NIM Likely to Face Pressure From Deposit Competition -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMaybank's 4Q NIM Likely to Face Pressure From Deposit Competition -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-27 09:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0154 GMT - Malayan Banking's net interest margin is likely to remain under pressure in 4Q due to heightened fixed deposit competition in the banking sector from October to December, says Hong Leong IB analyst Chan Jit Hoong. However, the impact should be offset by a disciplined loan growth strategy and a more measured approach to deposit competition, he notes. Loan growth is expected to slow further, but favorable forex translation from a weaker ringgit could support headline performance. Maybank's valuations appear fair, with a balanced risk-reward profile and no significant catalysts to drive the share price higher, Chan adds. Hong Leong raises Maybank's target price to MYR11.10 from MYR10.80, following stronger than expected 3Q earnings, while maintaining a hold rating. Shares are up 0.4% at MYR10.26. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 20:54 ET (01:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIM","symbol_name":"纽文精选市政基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486665868","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486665868","pubTimestamp":1732672440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0154 GMT - Malayan Banking's net interest margin is likely to remain under pressure in 4Q due to heightened fixed deposit competition in the banking sector from October to December, says Hong Leong IB analyst Chan Jit Hoong. However, the impact should be offset by a disciplined loan growth strategy and a more measured approach to deposit competition, he notes. Loan growth is expected to slow further, but favorable forex translation from a weaker ringgit could support headline performance. Maybank's valuations appear fair, with a balanced risk-reward profile and no significant catalysts to drive the share price higher, Chan adds. Hong Leong raises Maybank's target price to MYR11.10 from MYR10.80, following stronger than expected 3Q earnings, while maintaining a hold rating. Shares are up 0.4% at MYR10.26. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIM":"纽文精选市政基金"},"translate_title":"马来亚银行第四季度净息差可能面临存款竞争压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIM":1},"content_text":"0154 GMT - Malayan Banking's net interest margin is likely to remain under pressure in 4Q due to heightened fixed deposit competition in the banking sector from October to December, says Hong Leong IB analyst Chan Jit Hoong. However, the impact should be offset by a disciplined loan growth strategy and a more measured approach to deposit competition, he notes. Loan growth is expected to slow further, but favorable forex translation from a weaker ringgit could support headline performance. Maybank's valuations appear fair, with a balanced risk-reward profile and no significant catalysts to drive the share price higher, Chan adds. Hong Leong raises Maybank's target price to MYR11.10 from MYR10.80, following stronger than expected 3Q earnings, while maintaining a hold rating. Shares are up 0.4% at MYR10.26. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2024 20:54 ET (01:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}