$MAYBANK (1155.MY)$
Maybank (1155) Q4 2024 Performance Report:
Datuk Khairussaleh Ramli, CEO of Maybank Kuala Lumpur: Maybank reports that its bottom line for the fiscal year 2024 (FY24) has grown by 7.9%, thanks to positive regional economic activity and steady improvement in net impairment provisions, along with strong operating income. This year, the group announced that its Net income hit a record high of 10.09 billion Ringgit, an increase from 9.35 billion Ringgit in FY23. EPS rose from 77.55 sen to 83.61 sen. At the same time, revenue increased from 63.52 billion Ringgit to 69.94 billion Ringgit. In the fourth quarter of 2024 (Q24), Maybank recorded a Net income of 2.53 billion Ringgit, up from 2.3 billion Ringgit, while revenue grew from 1.617 billion Ringgit in the fourth quarter of 2023 to 16.74 billion Ringgit. The group announced a fully cash interim dividend of 32 sen per share, bringing the total dividend for the year to 61 sen per share. "We continue to see good traction in our core Business, which jointly strengthens our top-line growth. "At the same time, we are managing our asset quality and indirect costs better. CEO Datuk Khairussaleh Ramli stated in a release: "By working to deepen our relationships with clients, enhancing our segmentation approaches, and increasing customer penetration across products and departments, this has further been driven. " Maybank reported that FY24 net operating income increased by 8.1%, reaching 29.57 billion Ringgit, primarily driven by a 22.6% rise in non-interest income from wealth management and investment banking fees, as well as Global markets and Insurance income. Fund-based net income grew by 2%, reaching 19.69 billion Ringgit, while loans increased by 5.3% year-on-year. Due to rising financing costs and ongoing deposit competition, the group's net margin (NIM) stood at 2.05%. With aggressive traction from the deposit and financing strategy, the NIM improved by three basis points in Q24. Meanwhile, due to an increase in bad debts recovered in FY24, the net impairment provisions decreased by 2%, to 1.65 billion dollars. Simultaneously, the group's deposits grew by 6.5% in Singapore (18.7%), Malaysia (6%), and Indonesia markets (3%). Group time deposits increased by 5.8%, while group current account savings account (Casa) grew by 5.5% due to growth in the Singapore and Malaysia markets.

Malaysia's banking sector defied global headwinds in 2024 with a stellar 17% surge in the $Bursa Finance Services (0010I.MY)$, outperforming the broader market and cementing its status as Southeast Asia's most resilient financial hub.
As industry titans like $MAYBANK (1155.MY)$ and $CIMB (1023.MY)$ prepare to unveil their 2024 final-quarter results this week, investors worldwide are asking: Can this momentum withstand 2025's econom...

$MAYBANK (1155.MY)$ When it dropped to 10.06, many people said to sell, while the elders at home said to buy. Not listening to the elders' advice, loss is imminent.

$MAYBANK (1155.MY)$ already break through the downtrend line.
You still selling?
EDIT: If it fails to hold above the line, suggested to sell

$MAYBANK (1155.MY)$ I'm all in maybank 10.40, I was expecting you fly to 11, what happen to you??!!

$Tesla (TSLA.US)$ Thank you, Tesla.
Happy.