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USD is trade currency that most countries economy start with and already became a standard after gold, that's why China wants to pull other countries away from USD dependency, to free up the slavery of USD
CGS has adjusted its forecasts, raising projected dividends per share by approximately 16.6% to 62 sen-67 sen for FY2024-FY2026, and increasing its dividend discount model-based target price from RM10.60 to RM11.20 for Maybank.
Key downside risks include potential deterioration in Maybank’s loan growth and asset quality.
At the time of writing on Tuesday, Maybank shares had shed four sen or 0.4% to RM10, translating into a market capitalisation of RM120.7 billion.