2Q21: Lower ProvisionsMaybank's 2Q21 net profit was in line. Yoy growth was driven largely by significantly lower provisions as minimal pre-emptive provisions were made in 1Q21. We are expecting a weaker hoh earnings trend in 2H21 as 1H21 credit cost of 53bp continues to lag full-year guidance of 70-80bp. Maintain HOLD and a target price […]

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