KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for Maybank despite its exposure to 1Malaysia Development Bhd (1MDB) after it failed to pay a RM2bil loan due on Dec 31, 2014.
“We gather that Maybank’s loan exposure to 1MDB could amount to RM5.5bil. A 10% provisioning for this would trim Maybank’s FY15 net profit by 5.6%, based on our estimates,” it said on Wednesday.
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