Straits Time reported that yesterday, should be quite true...
Made bank loss millions of RM, only resign/ retire, I oso want... who has that kind of lubang for me?

Ya you are right , that is one big area KPI is not in place.

KPI only tests end results, but rubbish in is always rubbish out. KPI cannot change the results to be better.

Maybank: Board revamp a normal transition

anyone buy maybank share today?

today's closing 6.55 (-0.220)

This post has been edited by panasonic88: Aug 12 2009, 06:35 PM

Interesting to see how Maybank report card will be. They need to make significant provision on the Indonesia 'expensive' acquisition.

The main issue is not about the acquisition or expanding programme, but on why paid so much premium especially at the time, was in the middle of financial crisis which should can get more cheaper price. Even Temasek (the selling party) willing to lower the price tag so that the deal can go through. If seller eager to sell, you don't pay too much premium over it, buyer should get an upper hand in negotiation.

Maybank qtr report will be out on 25th Aug, after 5PM.

Stay tune.

Current price trading at MYR 6.44

Any idea whether it is good or bad ?

We can only expect for less bad...
Heads also rolled liao, there shouldn't be without reasons, right

yah agree with htt. like the canto said, "head also wash wet liao", hoping for less bad.

Then i am a bit scare liao!

Maybank result out. It's bad.

VERY bad. 1st time recorded a big loss.



really E-minus management.

RM1.6 billion impairment for Indon bank deal. Yikes! Think they paid total of RM8.5 bil for it right?

Their EPS took a real fall down to 12 sens only.



This post has been edited by skiddtrader: Aug 25 2009, 06:08 PM

Loss 1B. What a joke.

they raised a right issues and collected about RM6bil but still recording loss?

Remember that the RM6 bil is for the Indon bank.

curious to know what are the current maybank shareholders gonna react on tomolo?

A. take profit/sell at loss, buy back at lower price?
B. averaging down?
C. do nothing?

I wonder if there will be people over-reacting and line up to withdraw money tomorrow Hehe.

wah damn kua cheong ... but this is really the 1st time recorded such a huge loss.

i bet tomolo a lot of SELL calls by investment houses / blogger blog about their view, etc.

hehehehe

I don't think there will be too many SELL calls, mainly because it is just a one-off thing. Granted the value has dropped but there is still value in the group. As long as they can prove to their investors that the BII acquisition added some future value to the group.

This post has been edited by skiddtrader: Aug 25 2009, 08:05 PM