Malayan Banking [%JOWi%]
Research by UOB KayHian
HOLD (Maintained): Price Target: RM8.70

"Committing To A More Sustainable Future"

 Maybank hosted a sustainability briefing where it stated that it has earmarked long-
 term sustainability as one of its key priorities. This has been embedded in its recent
 5-year strategic growth plan. We are positive on the group’s commitment but noted
 that near-term direct impact on earnings is not expected to be material. Maintain
 HOLD and target price of RM8.70 (1.07x 2021F P/B).

Keith Wee Teck Keong
T +603 2147 1981
E [%QjES%]

Malayan Banking $KLSE-MAYBANK
Research by UOB KayHian
HOLD (Maintained): Price Target: RM8.70

"Committing To A More Sustainable Future"

 Maybank hosted a sustainability briefing where it stated that it has earmarked long-
 term sustainability as one of its key priorities. This has been embedded in its recent
 5-year strategic growth plan. We are positive on the group’s commitment but noted
 that near-term direct impact on earnings is not expected to be material. Maintain
 HOLD and target price of RM8.70 (1.07x 2021F P/B).

Keith Wee Teck Keong
T +603 2147 1981
E keithwee@uobkayhian.com