The largest market value company in Malaysia, Maybank had suffered the default payment from Hyflux, Singapore and 5% drop off which is loss RM 2.3 billions from the stock.
Individual investors may concern whether is it the good timing to buy it? From technical analysis, there is around 0.15 points can be earned and no good factor to push the price goes up. MACD and RSI do not show the trend obviously.
Since the downtrend style is continuous, we do not recommend the add on more on this stock for short term.
