Maybank (KL:MAYBANK)
Net Profit: RM2.63b (+4% YoY)
EPS: 21.75 sen
NII: +1.1% YoY
NOII: Higher, supported by fees and trading
Provisions: Higher bad debt charges, but offset by income growth
Dividend: 30 sen first interim cash dividend (dates TBD)
Guidance: Reaffirmed FY2025 ROE target ≥ 11.3%
Takeaway: Resilient earnings with strong dividend payout. Higher provisions are a watchpoint, but Maybank remains attractive for income-focused investors.
Public Bank (KL:PBBANK)
Net Profit: RM1.76b (-1% YoY)
NII: +5.1% YoY
NOII: +15% YoY
Drag Factor: Lower non-taxable income pressured bottom line
Asset Quality: Remains strong with prudent loan loss reserves
Dividend: 10.5 sen first interim dividend, ex-date Sept 12, payable Sept 24
Takeaway: Profit dipped slightly, but underlying income growth is strong. Public Bank maintains its hallmark of asset quality discipline and steady dividends, though its yield trails Maybank’s more generous payout.
Dividend Yield Snapshot (based on interim payout only)
(Assuming share prices around Aug 26, 2025)
Maybank: 30 sen ÷ ~RM9.20 ≈ 3.3% (interim only)
Public Bank: 10.5 sen ÷ ~RM4.30 ≈ 2.4% (interim only)
Comparison:
Maybank = higher yield, bigger capital base, higher provisions risk.
Public Bank = lower yield, rock-solid balance sheet, resilient asset quality.
Investor Angle:
If you want stable dividends with higher yield, Maybank is the pick.
If you value asset quality and defensive positioning, Public Bank fits better.
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