Malayan Banking Berhad : Dishing Out Dividends - 23/08/2010

♦ 4QFY06/10 results within expectations ... Maybank’s 4Q results were within our (upper-end) and consensus estimates with FY10 net profit of RM3.8bn (+75% yoy, core basis) accounting for 105% of our and 102.5% of consensus full-year forecasts. Note that Maybank made some preemptive provisioning in the tune of RM334m during the quarter, excluding which, the results would have been even stronger.