Author Topic: MAYBANK  (Read 4119 times)

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Re: MAYBANK
« Reply #50 on: April 25, 2017, 01:32:37 PM »



CIMB Research sees Maybank's potential Etiqa listing as positive
Syahirah Syed Jaafar
/
theedgemarkets.com

April 25, 2017 11:28 am MYT

-A+A
KUALA LUMPUR (April 25): CIMB Equities Research could raise its target price for Malayan Banking Bhd (Maybank) to between RM9.37 and RM9.55 following a potential listing of its insurance unit, Etiqa.

The target price is not far from the current market price of RM9.40, says CIMB Research.

In CIMB Research's report dated April 19, it had rated the prospect of the listing as positive following market talk that Maybank could list its insurance unit, Etiqa.

"If this materialises, we believe it would be positive for Maybank as it would enable the group to unlock the value of its investment in this entity," said CIMB Research in its report dated April 24.

"We estimate that Maybank's potential gains from the deal would be in the region of RM1.7 billion to RM3.5 billion (17-35 sen per share), assuming that Etiqa lists at 1.5 times to 2 times book," it added.

In the same report, CIMB Research downgraded Maybank to "hold" from "add" due to its strong share price performance year to date (YTD) that has outperformed the KLCI.

As of April 21, 2017, Maybank's share price was up 14.6% YTD, more than double the 7% rise in the KLCI over the same period. Its share price closed at RM9.40 on April 21, ahead of the RM9.20 target price.

"As such, we believe that the expected recovery in FY17 net profit growth is priced in as its FY18 price earnings is almost two standard deviations above the five-year average. We retain our FY17-19 earnings per share forecasts and dividend discount model based target price of RM9.20. We prefer RHB Bank for exposure to Malaysian banks," said CIMB Research.

"Our views on the earnings prospects of Maybank in 2017 are unchanged. We continue to project a recovery in the group's net profit growth from a decline of 1.4% in FY16 to an expansion of 8% in FY17," the research house added.

It said the key driver for FY17 earnings is likely to be the expected normalisation of loan loss provisioning (LLP).

"We forecast a 1.1% drop in Maybank's LLP in FY17, compared to a 68.3% jump in FY16," it said.

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Re: MAYBANK
« Reply #51 on: May 08, 2017, 06:42:46 AM »



2017-05-07 19:58
洪建文.犹抱琵琶半遮面
国民投资公司主席丹斯里阿都华希会计师出身,玩起数字游戏果然十分在行,先后点名森那美、合顺和实达集团重组博得满堂彩,国投账面也进账不少,自然得乘胜追击才行。
国民投资公司(PNB)主席丹斯里阿都华希会计师出身,玩起数字游戏果然十分在行,先后点名森那美(SIME,4197,主板贸服组)、合顺(UMW,4588,主板消费品组)和实达集团(SPSETIA,8664,主板产业组)重组博得满堂彩,国投账面也进账不少,自然得乘胜追击才行。

广告

但问题是,下个点名对象是谁呢?

虽然阿都华希还未在点名簿上落笔,但从诸多蛛丝马迹来看,不难看出全国最大银行集团--马来亚银行(MAYBANK,1155,主板金融组)将是下个点名对象。

市场老早就在揣测马银行将是国投下个重组对象,而阿都华希在“国际伊斯兰基金和财富管理论坛”上提出3大强化马股的金融清真股比例建议,就提及马银行等大型银行分拆伊斯兰银行资产上市,甚至是以围栏(Ring-Fencing)协议方式圈定伊斯兰股票比重可能,立刻触动嗜血的投资者神经,市场憧憬指数立即飙至巅峰。

老实说,阿都华希从来都不掩饰对“专注”单一事业模式的推崇,从他上任国投主席以来,这不到1年的时间内旗下公司各项企业活动,几乎都是将硕大的财团分拆,让各臂膀从庞大的财团身躯中释放出来,从而得到更多自由成长的空间,一切都离不开“专注”单一事业的坚持。

马银行自成立以来,不断通过国内外并购壮大成今日的巨无霸,身形已日趋臃肿,加上国内银行业前景严峻,核心银行业务近年成长步伐有所放慢,纵然身形相对轻盈的保险和伊斯兰保险业务增速飞快,可在集团投入更多心力保住核心银行业务下,保险臂膀欲摆脱束缚飞得更高谈何容易。

保险臂膀分拆固然会使马银行市值缩水,短期盈利也可能因股权稀释有所减少,但保险臂膀上市后已有整个资金市场作为后盾,可自由根据业务需要加大投资力度,从而充份释放业务潜能,长期好处可能更大。

广告

 
现在,阿都华希谈话已为市场掀开下个重组对象的“半边脸”,另“半边脸”只能等媒体邀请函正式发出,才能让人一睹国投精心粉饰后的美丽景象。

文章来源:
星洲日报‧投资致富‧投资茶室‧文:洪建文‧2017.05.07

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Re: MAYBANK
« Reply #52 on: May 25, 2017, 02:19:58 PM »




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Business NewsHome > Business > Business News
Thursday, 25 May 2017 | MYT 1:16 PM
Maybank posts stronger Q1 earnings of RM1.7b
image: http://www.thestar.com.my/~/media/online/2017/05/25/05/17/abdul-farid-alias-may17.ashx/?w=620&h=413&crop=1&hash=E8BBCCD2D62E37A19E12EDAD9DA5852C6E199F00
Group president and CEO Datuk Abdul Farid Alias said the continuous growth in the group’s top line reflected Maybank inherent resilience and ability to grow as a result of its diversified operations.
Group president and CEO Datuk Abdul Farid Alias said the continuous growth in the group’s top line reflected Maybank inherent resilience and ability to grow as a result of its diversified operations.
 
KUALA LUMPUR: Malayan Banking Bhd posted a strong set of earnings in the first quarter ended March 31, 2017 which rose 19.3% to RM1.702bil from RM1.436bil a year ago.

Maybank, which is South East Asia’s fourth largest bank by assets, said on Thursday it booked more loans and benefitted from an improved net interest margin as well as substantially lower net impairment losses.

Profit before tax was 16.5% higher at RM2.25bil from RM1.93bil a year earlier.  Its revenue was up nearly 1% to RM11.28bil from RM11.18bil a year ago. Earnings per share were 16.73 sden compared with 14.64 sen.

It said gross loans rose 10.1% on-year with financing from both the Community Financial Services (CFS) and Global Banking (GB) segments showing healthy expansion.

“Malaysian operations led this growth with a 7.2% increase, followed by Indonesia and Singapore at 7.0% and 6.4% respectively,” it said

Its net operating income rose 3% to RM5.55bil on-year, underpinned by a 21.4% increase from Islamic banking, 18.3% from insurance and takaful and 9.0% from community financial services. This was attributable to a strong 8.6% increase in net fund based income to RM4.12 billion from RM3.79 billion a year earlier. It was, however, partly offset by a decline in net fee based income to RM1.44 billion from RM1.6 billion arising mainly from unrealised losses on derivatives which are marked-to-market.

The banking group said deposits rose 4.5% on-year to RM513.4bil, attributable to a 7.1% increase in the international operations and a 2.8% rise from Malaysian operations.

“This helped lift the group current account and savings account (CASA) ratio to 37.1% from 33.3% a year earlier, and reduced the cost of funding which helped improve the net interest margin for the quarter by 9 bps to 2.43% compared with 2.34% a year earlier,” it said. 

Importantly, net impairment losses for the quarter fell significantly by 38.2% to RM542.8mil.

The sharp decline was because the group continued to realise the benefits from the proactive stance taken since early last year to restructure and reschedule the credit facilities of customers impacted by the challenging economic environment.

Maybank chairman Datuk Mohaiyani Shamsudin said she was pleased with the encouraging first quarter performance, which validates the rigorous profitability and asset quality measures adopted over the last year.

“Leveraging on our extensive franchise and strong balance sheet, we are confident that this growth momentum will gain traction as we continue to support the region’s economic development, particularly in the consumer and infrastructure segments,” she said.

Group president and CEO Datuk Abdul Farid Alias said the continuous growth in the group’s top line reflected Maybank inherent resilience and ability to grow as a result of its diversified operations.

“While we aim to build up our growth momentum in the coming quarters, we will, nevertheless, continue to be watchful over further impact to our clients from changes in the operating environment, and actively support them in managing their risks.

“At the same time, our focus will remain on enhancing staff productivity, managing costs efficiently and strengthening our liquidity and capital position to sustain our performance in the future.”

TAGS / KEYWORDS:
Banking , Earnings , Corporate News

Read more at http://www.thestar.com.my/business/business-news/2017/05/25/maybank-posts-stronger-q1-earnings-of-rm1pt7b/#XE7Bs1igoYB8ul9E.99

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Re: MAYBANK
« Reply #53 on: June 08, 2017, 06:50:38 AM »



千亿
我国第一家
马银行市值破千亿
1459点看 2017年6月7日
 

(吉隆坡7日讯)马银行(MAYBANK,1155,主板金融股)史无前例,今日成为马股首个市值突破1000亿令吉的上市公司;称霸马股之际,更进一步奠定其“市值王”的难撼地位。


然而,让马银行市值增加的原因,并不是股价飙涨,而是因为该公司有一批新股上市,股本扩大后让马银行成功跨越1000亿令吉市值的门槛!

截至闭市,虽然马银行收跌3仙或0.31%,收在9.55令吉,市值却已达1004亿8800万令吉,成交量有876万3500股。

根据资料,马银行有一批高达2亿4359万9777股新股上市,将缴足股本扩大至10亿5223万9262股。

170608a0602_noresize

 

市值王地位难撼

马银行今日向交易所报备,该批新股属于第14批股息再投资计划,早上9时起,在交易所挂牌交易。

2016年封关时,马银行再度蝉联马股市值榜榜首,当时市值高达835亿8424万令吉。

以资产而言,马银行则是东南亚规模第四大,及我国第一大的银行。

马银行在全球20个国家共有超过2200个据点,包括东盟10国。

回顾历史,马银行1960年于我国开始营运商业银行,如今主要的市场除了我国,还包括新加坡和印尼等。

银行电讯官联股三分天下

马银行周三刷新市值记录,再次成为马股“市值王”。环顾10大市值的上市公司,来自银行领域的还包括大众银行(PBBANK,1295,主板金融股)和联昌国际(CIMB,1023,主板金融股)。

其中,大众银行排在第三位,市值达782亿6300万令吉。联昌国际则是以607亿3900万令吉的市值,排在第五名。

此外,电信股也不遑多让,共有三只股入榜,包括明讯(MAXIS,6012,主板贸服股)、亚通(AXIATA,6888,主板贸服股)和数码网络(DIGI,6947,主板基建股)。

而其他入榜的股项,均为官联股,分别是国家能源(TENAGA,5347,主板贸易服股)、森那美(SIME,4197,主板贸服股)、国油石化(PCHEM,5183,主板工业产品股)和IHH医疗保健(IHH,5225,主板贸服股)。


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Re: MAYBANK
« Reply #54 on: June 08, 2017, 06:55:30 AM »



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股票数量增抬身价 马银行市值突破千亿
財经 最后更新 2017年06月7日 21时23分
股票数量增抬身价 马银行市值突破千亿

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(吉隆坡7日讯)股价持续走高,伴隨股票数额增加,促使马银行(MAYBANK,1155,主板金融股)市值今日突破千亿,成为马股当中首个市值突破1000亿令吉大关的上市企业。

由于近期实行的股息再投资计划,马银行今日有2亿4360万股新股上市,令其股本总数增加到105亿2000万股。以今日闭市价9.55令吉计算,马银行的市值逼近1005亿令吉,创下大马交易所的新高纪录。

马银行以9.57令吉低开后,一度下探全天最低水平9.50令吉,但隨后反弹,並数次触及全天最高水平9.60令吉。午盘交易,该股在9.58令吉至9.59令吉区间徘徊,最终下滑3仙或0.31%,以9.55令吉掛收,全天成交量为876万股。


马银行10年间的市值成长超过1倍,由2007年12月时的467亿令吉,增至如今的逾1000亿令吉,进一步奠定其大马银行业龙头的位置。

截至今日,大眾银行(PBBANK,1295)与联昌国际(CIMB,1023)以783亿令吉和607亿令吉的市值,分別为马股市值第2大与第3大的银行股,但是与马银行的市值相比,分別仍有约222亿令吉与398亿令吉的距离。

市值排名第5位的兴业银行(RHBBANK,1066)正洽商和大马银行(AMBANK,1015)合併,2家银行的市值总和也只有356亿令吉,也和市值前3大银行仍有相当大的差距。目前排在第4位的是市值334亿令吉的丰隆银行(HLBANK,5819)。

银行股首季表现参差

另一方面,针对银行股今年首季业绩的整体表现,马银行投行分析员指出,各银行今年首季的业绩表现参差不齐,该投行所追踪的7家银行当中,有3家银行的净利按年下滑,而其余4家则按年增长。

该分析员指出,总体来说,这些银行的首季累积核心营运盈利按年成长7%,同时经常性净利按年上涨12%。

「我们惊喜地发现,国內银行领域的个人和来往账户对存款账户比率(CASA)出现强势增长的跡象,使银行赚幅持续上涨,而信用成本亦维持在良好水平。」

他同时表示,盈利连续3年陷入持平的局面后,大马银行业今年首季总算出现核心营运盈利成长的跡象,主要由稳定的净利息收入(NIM)和受控制的成本推动,为今年带来了一个好的开始。

「我们认为,大马银行业领域接下来的盈利成长动力將会逐渐增强。」

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Re: MAYBANK
« Reply #55 on: August 08, 2017, 11:58:49 AM »




Highlight
CIMB: Maybank loan-deposit ratio highest in Malaysia, Hong Leong Bank lowest
Billy Toh
/
theedgemarkets.com

August 08, 2017 11:23 am MYT
-A+A
KUALA LUMPUR (Aug 8): CIMB Investment Bank Bhd said Malayan Banking Bhd (Maybank) had the highest loan-deposit (LD) ratio at 99.2% in the Malaysian banking sector as at March 2017 as the industry contended with slower deposit growth versus loan expansion.

CIMB analyst Winson Ng wrote in a note today that Malaysian banks' deposits grew 3.5% year-on-year in June compared to the industry's loan growth at 5.7%. Ng cautioned that the trend would impact the sector's loan expansion and margin.

"The weaker deposit growth (relative to loan growth) would be negative for banks. Firstly, this has been one of the contributing factors for the intense deposit competition among banks in the past 3 to 4 years, leading to higher cost of deposits and ultimately thinner margins. Secondly, this could partly cap the upside potential for loan growth as deposits (especially fixed deposits) are the primary funding for banks' lending.

"As at end-Mar 17, most local banks in Malaysia had LD ratios of close to or exceeding 90%. Among the local banks, Maybank's ratio was the highest at 99.2% at end-Mar 17 while three other banks had above-90% LD ratios. The lowest ratio at end-Mar 17 was the 80.3% for Hong Leong Bank, providing room for the bank to engage in active asset liability management to defend its margins," he said.

Due to weak deposit growth, Ng said the industry's LD ratio had risen in the past five years — from a low of 76.2% in February 2012 to 90.4% in June 2017.

"The ratio first touched the 90% mark in Nov 16 and it has been hovering around that level since then. If the deposit growth remains at the 3%+ level (or lower) and there is no drastic slowdown in loan growth, banks' LD ratios will continue to climb," Ng said.

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Re: MAYBANK
« Reply #56 on: August 14, 2017, 06:57:12 AM »




Highlight
No cause for concern over bank's liquidity, says Maybank
theedgemarkets.com
/
theedgemarkets.com

August 13, 2017 20:10 pm MYT

-A+A
KUALA LUMPUR (Aug 13): Malayan Banking Bhd (Maybank) said its liquidity conditions remain comfortable, with a loan-to-deposit ratio (LDR) of 94.7% as at end-March 2017.

The country's largest lender by assets was responding to a Bloomberg report on Friday, which had stated that Maybank's LDR was approaching 101% when highlighting the lack of deposits at Malaysia's banks.

The report also quoted CIMB Group Holdings Bhd analyst Winson Ng as noting that the banking industry's LDR ratio had gone from 76% in February 2012 to 90% in June.

In a statement today, Maybank group chief financial officer Datuk Amirul Feisal Wan Zahir said the news article and the Malaysian banking research report it quoted, did not give a true picture of Maybank’s careful management of its assets and liabilities.

“Maybank runs its business at the highest level of prudence and transparency and we have clearly disclosed in our quarterly earnings presentations, the levels of both our LDR and liquidity coverage ratio (LCR),” he said.

Feisal said for Maybank’s Malaysian operations, its LDR was 90.6% as of March 2017, and this has remained fairly stable over the last year from 90.2% in March 2016 and 91.3% in December 2016. Deposits growth was also supported by low-cost current account and savings account (CASA) growth.

The group, he added, has been actively focusing its attention on increasing its CASA component, and where necessary, moving away from the higher funding cost segments, such as fixed deposits.

Maybank’s Singapore operations, meanwhile, had an LDR of 89.5% as of March 2017, while Maybank Indonesia’s LDR at the bank level stood at 88.4%.

“To state that our LDR ratio is approaching 101% is wrong and can lead to misunderstanding among our stakeholders, including our customers, shareholders and regulators,” said Feisal.

He also noted that the research report which stated Maybank’s LDR as being 99.2%, had excluded the Islamic investment accounts (IAs) from its computation of Maybank Group’s LDR, hence resulting in it reporting a higher LDR for Maybank.

“This is a misrepresentation of LDR computations as IA should be included in the LDR computation for Maybank Group and Maybank Malaysia as provided for under Malaysian banking guidelines.

"If IA is excluded from the LDR computation, then the associated loan amount should also be excluded in the computation as investment accounts are meant to fund loans,” he said.

IA is a banking product offered by Maybank Islamic Bhd, which in essence, is similar to traditional deposits with CASA and time deposit features, and used to fund Islamic assets. The IAs were reclassified from Mudarabah deposits under the old guidelines on Islamic banking to Mudarabah Investment Accounts (IAs) starting from July 2015.

Feisal also clarified that the group’s liquidity coverage ratio, which measures how sufficiently banking institutions hold high-quality liquid assets to withstand an acute liquidity stress scenario over a 30-day horizon, stood at 134% as of end-March 2017. This was well above the Bank Negara Malaysia requirement of 80% for 2017.

On the issue of some Malaysian banks’ (including Maybank’s) net interest spread being less than 2% as also stated in the Bloomberg report, Feisal said Maybank’s net interest margin (NIM) stood at a healthy level at 2.43% as of 1QFY17.

“We have actually seen our NIM expand 9 bps from 2.34% a year ago arising from our disciplined loan pricing and ability to reduce our cost of funding by focusing on CASA growth."

On Malaysian banks’ growing reliance on foreign currency debt issuances, Feisal pointed out that Maybank Group’s total borrowings, including subordinated debt and capital instruments was 7.6% of total assets.

Feisal also dismissed concern over lending to riskier clients, saying Maybank has always applied a disciplined and prudent credit management framework in accordance with its risk appetite.

"Regular oversight via committees that encompasses senior executives and board members is applied at all times to ensure that asset quality is managed appropriately," he added.

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Re: MAYBANK
« Reply #57 on: August 14, 2017, 06:59:06 AM »




SOMETHING weird is going on at Malaysia's banks.

The problem is about deposits, or more precisely, a lack of them.

As CIMB Group Holdings Bhd. analyst Winson Ng notes, the banking industry's loans-to-deposit ratio has gone from 76 percent in February 2012 to 90 percent in June.

For Malayan Banking Bhd., or Maybank, the ratio is approaching 101 percent, a level last briefly seen in 2006, according to data compiled by Bloomberg.

Maybank may be the canary in the coalmine.

The largest Malaysian lender controls 26 percent of the $411 billion the country's publicly traded financial institutions have in deposits.

For almost three decades, Maybank's loans and deposits have both grown at a compounded annual rate of 13 percent.

In the past five years, however, deposit growth has slowed to 9 percent, while loans are still expanding at 11 percent. That gap of 2 percentage points is pushing up funding costs.

Large Malaysian banks -- Maybank, Public Bank Bhd., CIMB and Hong Leong Bank Bhd. -- are now earning a net interest spread of less than 2 percent, which puts them in the ranks of emerging Asia's least profitable lenders.

With deposits getting squeezed, listed Malaysian banks and their subsidiaries have raised $6.4 billion from fixed-income markets this year, the most since 2014. Less than half of it is in ringgit, though.

The growing reliance on foreign-currency debt is disadvantageous. Borrowing three-month money in the local interbank market, and using those funds to buy dollars for the same period, costs Malaysia's lenders 1.9 percent, an 60-basis-point spread over Libor.

In Asia, this premium for short-term dollar funding is stiffer only for Indonesian banks. Unlike their Malaysian peers, however, the Indonesians have plenty of margin headroom.

It's unnatural for loan writing to run ahead of deposit taking for so long.

A similar surge in Indian banks' loans-to-deposit ratios between 2008 and 2014 coincided, initially, with abysmal interest spreads.

To boost the latter, lenders threw money at any large company that showed up with a semi-cooked proposal. The cycle ended, predictably, with a blowout in non-performing assets.

Big Malaysian firms aren't as reliant on banks for funding, which has helped contain system-wide bad loans at 1.65 percent.

However, if banks keep paying more for deposits, they'll have to accept riskier borrowers. The longer it goes on, the more sinister the deposit crunch may become. - Bloomberg
TAGS / KEYWORDS:
Corporate News , Economy

Read more at http://www.thestar.com.my/business/business-news/2017/08/11/lack-of-deposits-worrying-banks/#QoUR9RWzbzxSTMLs.99

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Re: MAYBANK
« Reply #58 on: August 15, 2017, 04:22:00 PM »




Business NewsHome > Business > Business News
Tuesday, 15 August 2017 | MYT 2:28 PM
PNB looking to carve out 20% of Maybank shares into Islamic shares
BY HANIM ADNAN

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Group chairman Tan Sri Abdul Wahid Omar: "Permodalan Nasional Bhd (PNB) is looking at the designation of 20% of Maybank shares into Islamic or i-shares through a ring fencing mechanism."
Group chairman Tan Sri Abdul Wahid Omar: "Permodalan Nasional Bhd (PNB) is looking at the designation of 20% of Maybank shares into Islamic or i-shares through a ring fencing mechanism."
 
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is working on carving out 20% of Maybank shares into Islamic or i-shares through a ring fencing mechanism.

Group chairman Tan Sri Abdul Wahid Omar said for now the work on this mechanism was still in progress and very much within the PNB level.

"We think there is logic and basis to it. If it is successful, the other such as CIMB Group Bhd, RHB Bank and Bursa Malaysia may replicate the model,"  he said at a luncheon talk organised by the Malaysian Press Institute here.

PNB currently hold a 48% stake in Maybank, Malaysia largest bank group which in turn is the 4th largest bank in ASEAN by asset and 5th largest Islamic bank globally.

Wahid, who became PNB chairman a year ago, said that if the proposal was successful, the designated i-Maybank shares would be a syariah complaint asset worth about RM20bil.

PNB's move was in support of the government Islamic financing agenda by creating more listed shariah investment instruments via its investee companies, he said.
 
TAGS / KEYWORDS:
Banking , Corporate News

Read more at http://www.thestar.com.my/business/business-news/2017/08/15/pnb-looking-to-designate-20pct-of-maybank-shares-into-islamic-shares/#7l3DJXeTE1eztPmT.99

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Re: MAYBANK
« Reply #59 on: August 30, 2017, 02:01:40 PM »




Wednesday, 30 August 2017 | MYT 1:09 PM
Maybank Q2 earnings rise 42.9% to RM1.65bil
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KUALA LUMPUR: Maybank Bhd saw improved earnings of RM498.5mil or 42.9%  to RM1.65bil in its second quarter ended June 30, 2017. It declared a dividend of 23 sen for the quarter, up from 20 sen in the year-ago quarter.

Revenue was slightly lower at RM10.92bil compared with RM10.94bil in the same quarter last year.

In the cumulative six months to June 30, net profit stood at RM3.36bil or about 30% higher than the first half of last year.

The group's net interest income and Islamic banking income for the quarter under review increased by RM438.3mil or 11.6% compared to Q2 last year. Its net earned insurance premiums from the insurance and Takaful subsidiaries increased by RM191.2mil to RM1.25bil.

The group's other operating income decreased by RM11.8mil to RM1.55bil compared to the previous corresponding quarter, owing to lower net gain on foreign exchange and lower realised gain on derivatives. However, this was partially offset by higher unrealised gain on revaluation of financial assets, fee income, net gain on disposal of financial assets and net gain on disposal of financial investment available-for-sale.

The group's net insurance benefits and claims incurred, net fee and commission expenses, change in expense liabilities and taxation of life and takaful fund increased by RM154.5mil to RM1.23bil compared to the previous period corresponding quarter, due to higher net insurance benefits and claims incurred by the Insurance and Takaful subsidiaries.

Its overhead expenses for the current quarter increased by RM169.7mil or 6.5% owing to the increase in personnel expenses of RM125.6mil and administration and general expenses of RM75.3mil.

The increase was, however, mitigated by lower marketing expenses of RM25.3mil.

The group's allowances for impairment losses on loans, advances, financing and other debts decreased by RM151.4 mil to RM830.3mil for the quarter mainly due to lower net individual allowance made offset by higher net collective allowance and lower bad debts and financing recovered.

Its allowance for impairment losses on financial investments for the quarter ended 30 June 2017 decreased by RM194.1mil compared to the previous period corresponding quarter.

The group expects a better performance for its home markets in 2017, with Singapore, Malaysia and Indonesia forecast to grow at 3%, 5.5% and 5.1% respectively.

"Key strategic priorities for 2017 would be to strengthen our revenue drivers by focusing on
pockets of opportunities across the various segments in consumer and corporate lending and capturing regional opportunities through our Maybank Kim Eng, Etiqa and Maybank Islamic franchises.
 
"The Group Key Performance Indicator for Return on Equity is 10%-11% and loans growth for the Group is expected to be in line with the industry," the group said in its filing with Bursa Malaysia

At midday, the counter was up 3 sen or 0.32% to RM9.49 on the back of 3.03 million shares done.


TAGS / KEYWORDS:
Earnings , Banking , Corporate News

Read more at http://www.thestar.com.my/business/business-news/2017/08/30/maybank-q2-earnings-rise/#H8DHXK1yJRBfVuEB.99

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Re: MAYBANK
« Reply #60 on: January 29, 2018, 09:12:19 AM »




Highlight
Maybank ups base rate to 3.25%
Bernama
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Bernama

January 29, 2018 07:12 am +08

-A+A
KUALA LUMPUR (Jan 29): Maybank will be revising upwards its base rate (BR) to 3.25 per cent per annum from three per cent per annum and base lending rate to 6.90 per cent per annum from 6.65 per cent per annum effective today.

Maybank in a statement today said the revision was in line with the increase in the overnight policy rate (OPR).

It said the Islamic base rate would also be raised by 25 basis points to 3.25 per cent per annum from three per cent per annum and Islamic base financing rate would be increased to 6.90 per cent per annum from 6.65 per cent per annum

In-page MRec
The bank said fixed deposit rates would also be revised upwards by between 20 basis points to 25 basis points.

Group President and Chief Executive Officer, Datuk Abdul Farid Alias said the bank would continue to support its customers to ensure that borrowers were not unduly affected, while at the same time, allow depositors to receive an appropriate return for their deposits.

“Our customers can also be assured that the bank will continue to manage our assets and liabilities efficiently to ensure that our interest rates are priced responsibly at all times,” he added.

On Thursday, Bank Negara Malaysia raised the OPR by 25 basis points to 3.25 per cent from three per cent, the first rate hike since July 10, 2014.