Kuala Lumpur, 15 May 2026 – Maybank Investment Bank has maintained its BUY calls on Public Bank, AirAsia X and Keyfield International despite mixed first-quarter 2026 performances, highlighting dividend support, aviation recovery potential and offshore support vessel demand as key investment themes.
For Public Bank, Maybank IB said the bank’s 1Q26 earnings came in below expectations, mainly due to larger-than-expected net interest margin compression and slower growth in non-interest income. Public Bank’s core net profit stood at RM1.75 billion, up 0.4% year-on-year but down 6.6% quarter-on-quarter, representing 23% of Maybank IB’s full-year forecast. The research house trimmed its FY26 to FY28 earnings forecasts by 3% to 5%, while lowering its target price to RM5.30 from RM5.55.
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