this year they have right issue, until lately they announced a 8 sens divvy (which has alraedy ex, you should be receiving yours by 27th october)

1Q result.
http://announcements.bursamalaysia.com/EDM...58?OpenDocument

Maybank Group today recorded profit after tax attributable to shareholders of RM881.8 million for the three months ended 30 September 2009, 54.1% higher than the RM572.2 million in the same period last year.
Group pre-tax profit for the period rose to RM1.16billion, 31.1% higher than the RM881.77 million achieved in the previous corresponding period.


BII registered a profit after tax of Rp 131 billion (RM46.2 million) for the quarter compared to Rp 11 billion(RM 3.8 million) in the previous corresponding period.Operating income after provisioning grew to Rp 195billion (RM 68.8 million) compared to a loss of Rp 13billion (RM4.59 million) in the last year.

hmm...not much pre-announcement activity for the stock.....let's see what happens tomorrow

Maybank research paper, by Alliance.

TP: 7.83


Attached File(s)
 researchview_Maybank_161109.pdf ( 101.6k ) Number of downloads: 28

anyone noticed the sudden quick spike this morning for maybank b4 it went down again? sold some due to itchy fingers!

yup, recording 52-weeks high at 7.08

this is the second attempt maybank try to break the 7.00 barrier. looks tough, might need a couple of shot before it can stand firm.

This thread needs a bump!

Maybank to expand overseas branches and offices
Maybank aims to expand its number of overseas branches and offices to at least 2,000 in the next few years from 1,750 currently. It plans to set up another 200 branches in Indonesia, expanding from the 250 branches currently within the next three years. The bank has also planned to increase the existing 45 branches in Philippines with five more branches and another four branches in Cambodia to the
existing seven branches. (Bernama)

Comments: Maybank intends to increase its foreign loans contribution from 33% to 40%. And it has managed to grow its overseas presence with the recent acquisition of BII. Given its aggressive regional expansion, better GDP growth and improved capital market, earnings surprises may be forthcoming. We reiterate our Outperform call on Maybank with a target price of RM7.83.

Looking at this counter, I just

Hope to see some dividend next month.

This post has been edited by protonw: Jan 8 2010, 01:41 PM

me too lor. *kick kick*

Ya....I concur, wait this counter give me divvy. Wondering if i should finally lock in profits. Bought at 4.40 now nearly 7 already.

wow, good profits

nothing to lose, since already hold for several months, i just kick mine back to the fridge.

Wow...then you subscribe for the RI? Else, you lose a lot leh

4.40 bought after rights issue...

I sold the counter about Sept 2008 for peanut profit, then bought back at 3.90 after the RI. I sold the whole lot at 4.50, then decided i made a bad call, and bought it back at 4.40. So still holding...

I felt that no way Maybank was going to remain <RM5 being the top bank in Malaysia, the BII fiasco already being included in the P&L, so just wait the price recover, hence my buying back at 4.40.

I was hoping the same for Boustead after RI, but seems the price stuck at 3.4x range for now.

This post has been edited by VyvernS: Jan 8 2010, 03:43 PM

Well, MBB also stuck below RM7 ma

innovation wise, seems like CIMB is more creative with its marketing campaigns. Share price-wise, CIMB pawned Maybank already......kinda predictable, as they were lulled into complacency being the "top" bank for so long.....

Maybank need a banker, not a telephone man

-- CIMB, PM's brader
-- PBB, Teh HP
-- AMBANK, Azman ( spelling dun know)
-- HL, Yvvone ( seplling also dun know)
-- Alliance, Bridget (now MIA)

so manybank sud go and get someone brader..... fast fast, i hv accumulated some Maybank share dun wanna miss the boat

haha

Indonesia investment is now contributing 33% of its profits. I believe holding this share for long term will bear good returns as all the "bad" is over. Give it some time.

haha, when i did my portfolio readjustment

i select Maybank over CIMB.

CIMB is like a hot cake now becoz the CEO connected, but after the next GE, siape boleh guarantee.... kakakkaka

MAYBANK is own by PNB.

Regradless of who become the gov, PNB still pay div to the unit holder. So time is on Maybank side.

Currently at 6.83, any comments? Plan to scoop up some soon....