not vested
2QFY23 results above expectations
Forecasts maintained
While 1HFY23 results were above expectations on low credit costs, management maintains its credit cost guidance, which would imply higher credit costs in 2HFY23.
Our forecasts are maintained and we continue to maintain a BUY on the stock, with an unchanged TP of MYR4.95, based on a CY23E PBV of 0.8x (CY23E ROE: 8.7%).
Source: Maybank
https://mkefactsettd.maybank-ke.com/PDFS/292971.pdf