Maybank chief quashes speculation on asset buying in Thailand

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Maybank 3Q profit rises 17% to RM1.8b

Malayan Banking Bhd (Maybank) reported a 17% rise in third quarter net profit from a year earlier. Profit had risen on higher interest and non-interest income, besides a better performance at its insurance, and Islamic banking units.

In a statement to the bourse today, Maybank said net profit rose to RM1.75 billion in the third quarter ended September 30, 2013 from RM1.5 billion. Revenue climbed to RM8.39 billion from RM8.01 billion.

Maybank said net-interest income and Islamic banking income had increase  on "growth in (the) group's net loans and advances (including Islamic finance)."

Non-interest income rose on "higher net foreign exchange gain of RM830.1 million and higher fee income of RM99.1 million," Maybank said.

Higher allowance for bad loans had however curbed profit growth. During the quarter, the allowance rose to RM280.33 million from RM76.59 million, Maybank's income statement shows.

According to the group, allowance for bad loans had increased due to "higher collective allowance made for the quarter ended 30 September 2013."

Meanwhile, Maybank's cumulative nine-month (9MFY13) net profit increased to RM4.82 billion from RM4.29 billion a year earlier. Revenue was higher at RM25.3 billion versus RM23.8 billion.

Maybank said it posted an annualised gross loan growth of 9.3% in 9MFY13.

Looking ahead, it said 4QFY13 loan growth is expected to track industry figures.

Loan growth is seen coming from its Malaysian and regional markets. Maybank said non-interest income from commercial banking, Islamic financial services, and insurance are also expected to sustain business momentum.

"Barring any unforeseen circumstances, the group expects its financial performance for the financial year ending 31 December 2013 to be in line with the ROE target of 15.0%," Maybank said.

STILL closed lower

What your entry price ?

Average 9.8

Establishment of New Subsidiary - Etiqa Pte Ltd

Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Malayan Banking Berhad ("Maybank") wishes to announce that Maybank Ageas Holdings Berhad (“MAHB”), an indirect subsidiary of Maybank, had on 26 November 2013 established a wholly owned subsidiary with the subscription of one (1) ordinary share of S$1.00, representing the entire issued and paid-up share capital of Etiqa Pte Ltd ("EPL") for cash at par ("Establishment").

Presently, Etiqa International Holdings Sdn. Bhd. (EIHSB), a wholly owned subsidiary of Maybank, holds 69.05% interest in MAHB. With the Establishment, EPL became a wholly owned subsidiary of MAHB and a subsidiary of EIHSB and Maybank.

Maybank had on 27 August 2013 obtained Bank Negara Malaysia’s approval for the Establishment pursuant to Section 85 of the Financial Services Act 2013 subject to the approval from the relevant Singapore Authorities.

The issued and paid-up share capital of EPL is S$1.00 comprising of one (1) ordinary share of S$1.00.

The Establishment is not expected to have any material impact on the earnings, net assets and gearing of Maybank for the financial year ending 31 December 2013.

To the best of Maybank’s knowledge, none of the Directors and/or major shareholders of Maybank and/or persons connected with them have any interest, direct or indirect in the Establishment.

This announcement is dated 27 November 2013.

must burn alot $$$ when upgrade their IT system; now want to list in SGX.
The Holland lou want to sell high; to their fund shark.

This post has been edited by felixmask: Nov 27 2013, 07:18 PM

EPF raises Maybank stake to 13.76%

The Employees Provident Fund (EPF) raised its stake in Malayan Banking Bhd to 13.76% with the recent purchase of 6.485 million shares.

Filings with Bursa Malaysia showed the EPF's stake had increased to 1.220 billion shares.

It purchased 1.061 million Maybank shares on Jan 29 and 2.542 million shares the next day. It bought 2.881 million shares on Feb 4.

Maybank's share price was trading between RM9.56 and RM9.63 during that period.

at 9.80 per share, divvy yield is 5.71 percent.

My average cost is 9.90+, happy to keep for long-term. If price move sideways, good for Dollar Cost Averaging.

This post has been edited by Pink Spider: Feb 12 2014, 09:24 AM

fork angpao out to buy 1000 units first. i am poor

This post has been edited by nightzstar: Feb 12 2014, 09:32 AM

9.80 x 1,000 = RM9,800

u ain't poor

I only have 6 lots x 100 shares

This post has been edited by Pink Spider: Feb 12 2014, 09:34 AM

u lagi banyak haha. that 9800 menabung sejak kecil lol

What are the risks for Maybank, or banking sector in general

- higher RPGT, therefore fewer house buyers
- currency fluctuation (Maybank has overseas subsidiaries)
- ?

got my 1k lot at 9.80

-BASEL III...international banking requirement.
http://www.bnm.gov.my/guidelines/01_bankin...2_nt_007_25.pdf
-Non Performance Loan- Commercial Loan those related to Gov project.
-Glass–Steagall Legislation
-Commodity Futures Modernization Act of 2000
-Subprime mortgage crisis- as our M'sia property appreciate in short period.
-Systemic risk Systemic risk

BNM Guidelines for M'sia banking sector aka Loop holes
http://www.bnm.gov.my/index.php?ch=en_refe...ce_index&ac=584

This post has been edited by felixmask: Feb 12 2014, 10:37 PM

Mind explaining in simple English?

Maybank dividend also down, despite higher earning
31 sen (compared to 33 sen last years)
http://www.bursamalaysia.com/market/listed...cements/1550825]

Maybank payout ratio is highest among local banks if I'm not mistaken. Preserve capital? Still decent payout, though...

But now single-tier, so get a bit more at the end...