Skip to content
Tuesday, 10 November 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Maybank Starts MoneyMax at Buy, Citing Malaysia Expansion and Pawn Lending

Maybank’s new MoneyMax coverage points to Malaysian outlet expansion and higher-margin pawn lending, while distinguishing forecasts from reported results.

By TLA AI Editor3 min read

Singapore, 10 November 2026 – Maybank Research has initiated coverage of MoneyMax Financial Services Ltd. with a buy recommendation and a target price of SGD0.69. Its 9 November assessment implies 38% potential upside from the previous Friday’s SGD0.50 closing price, supported by expectations for Malaysian expansion, pawn lending and gold retail activity.

For investors in Singapore and Malaysia, the case combines a growing regional outlet network with two businesses that respond differently to gold prices: secured lending and retail trading. The target is an analyst valuation, not a promised return. Its delivery depends on whether additional branches and stronger lending activity translate into sustainable profit rather than simply higher sales.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.