Reasons why I bought:
1. Potential gain from BII:
Maybank's average investment cost in BII was Rp455.
BII's share price closed yesterday at Rp1010.
If Maybank floats 17.5% of BII at a very conservative Rp600 per share, it'll make a one-off gain of RM2 billion - a gain which could be used to pay special dividend or even acquire OSK, probably with spare change left.
2. Currently under-owned by foreign investors.
3. Largest market share in domestic deposits.
4. A laggard compared to CIMB and Public Bank
Want to write more but I'm tired and need to take a bath
Dec 10 2010, 02:48 AM
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