Maybank aims to boost ROE through organic growth by improving asset-liability management, cutting costs, allocating capital on high-return areas, and growing non-interest income. CIMB Securities said the plan marks a shift from lending-focused expansion to fee income growth and capital-efficient operations which focuses on execution of the plan. It raised its target price to RM11.70, highlighting a sustained improvement in asset quality, higher low-cost deposits, and an attractive ~6% dividend yield. AmInvestment Bank, one of the few with a 'hold' rating on the stock, said Maybank’s FY2030 ROE aspiration appears stretched and largely reliant on a favourable macro environment rather than internal factors. Achieving 9% annual growth in non-interest income over five years is also tough given its large base; it projects 6.1% growth in FY2026 and 3.9% in FY2027.

Source: The Edge Markets January 21, 2026 11:03 UTC