Idea impairment in 4QFY10. Management said the Board has agreed in principle to write down the
value of its 19.1% stake in Idea Cellular in 4Q10 (to be announced in Feb 2011 together with the release
of its 4QFY10 results). Based on current market valuation for Idea, the impairment charge would slash
our FY10 earnings forecast to a loss of RM695m. This is, however, a non-cash item and will not affect
Axiata’s dividend potential.

This is extracted from OSK report. Any sifu can explain what does the impact of this?

TM plans to sell 191M of Axiata share in open market after the sharp rise today. haiya.

Business Time

The management is making some noise after seeing your post.

The Star - Analysts cautious on billionaire's....

daibochi looks yummy. anyone?

May i know the different in PE(ttm), CU PE? In historic PE, how many years do you look into? Mind to share your source to harvest your investing data? Tomypak too hits 0.995 now.

(Unless otherwise stated, the definitions used in this announcement shall carry the same meaning as defined in the announcement dated 16 September 2008).


We refer to Maybank's announcement dated 16 September 2008 in relation to the Sell-Down Requirement in respect of their stake in BII.


On behalf of Maybank, Maybank Investment Bank Berhad wishes to announce that on 2 December 2010, Maybank received a letter dated 30 November 2010 from Badan Pengawas Pasar Modal and Lembaga Keuangan ("Bapepam"), wherein Bapepam granted an extension of time for Maybank to fulfill the Sell-Down Requirement and complete the sell-down exercise by 1 June 2011.


Maybank may request for further extension if the sell down exercise would result in Maybank incurring a potential loss in excess of 10% of Maybank's original value of BII acquisition, preferably 2 weeks before 1 June 2011.

This announcement is dated 3 December 2010.
Source: Maybank website.

I guess it is a Indonesian government requirement for Maybank to sell off its holding.